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. For Ansfield, Inc. to report a significant portion of its financial information as segments, its segments, in total, must represent
A) $37,500,000 in assets.
B) $6,000,000 in revenues.
C) $1,125,000 in operating income before taxes.
D) The answer cannot be determined from the information given.
Correct Answer:
Verified
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