Scenario 12-1
Ansfield, Inc. has several potentially reportable segments. The following financial information has been determined for the current fiscal year:
-Refer to Scenario 12-1. The minimum amount of assets a segment must have to qualify as reportable is ____.
A) $4,500,000
B) $5,000,000
C) $37,500,000
D) The answer cannot be determined from the information given.
Correct Answer:
Verified
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