Ansfield, Inc. has several potentially reportable segments. The following financial information has been determined for the current fiscal year: The minimum amount of revenues a segment must have to qualify as reportable is ____.
A)$700,000
B)$800,000
C)$820,000
D)The answer cannot be determined from the information given.

Question

Ansfield, Inc. has several potentially reportable segments. The following financial information has been determined for the current fiscal year:  The minimum amount of revenues a segment must have to qualify as reportable is ____.
A)$700,000 
B)$800,000 
C)$820,000 
D)The answer cannot be determined from the information given.

Quizplus · Accepted Answer

11eb11de_92be_50c7_ad38_0d0b51b92157_TB2014_00 Segment revenue required to satisfy revenue criterion = $8,200,000 x 10% or $820,000.