Question: Part 2 40 marks Question 6 10 marks Carna Ltd is a listed diversified retail company. Its stores are located mainly in Australia. It has

 Part 2 40 marks Question 6 10 marks Carna Ltd is

Part 2 40 marks Question 6 10 marks Carna Ltd is a listed diversified retail company. Its stores are located mainly in Australia. It has three main types of stores: general department stores, liquor stores and specialist toy stores. Each of these stores has different products, customer types and distribution processes. In accordance with AASB 8/IFRS 8, Carna Ltd has identified three operating segments: general stores, liquor stores and toys stores. All three business units earn most of their revenue from external customers. Total consolidated revenue of Carna Ltd is $400 million. All General $m Liquor $m Toy $m segments $m Revenue 250 110 40 400 14 5 3 21 Segment result (profit) Assets 400 170 75 650 Required Identify Carna Ltd's reportable segments in accordance with AASB 8/IFRS 8. Explain your answer. Response

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