Thompson Corp. was engaged solely in manufacturing operations. The following data pertain to the operating segments for 2020: What is the minimum amount of assets that each of these segments must own to be considered separately reportable?
A) $9,595,000.
B) $4,670,000.
C) $10,415,200.
D) $5,490,200.
E) $14,265,000.

Question

Thompson Corp. was engaged solely in manufacturing operations. The following data pertain to the operating segments for 2020:  What is the minimum amount of assets that each of these segments must own to be considered separately reportable?
A) $9,595,000. 
B) $4,670,000. 
C) $10,415,200. 
D) $5,490,200. 
E) $14,265,000.

Quizplus · Accepted Answer

The Answer of Thompson Corp. was engaged solely in manufacturing operations. The following data pertain to the operating segments for 2020:  What is the minimum amount of assets that each of these segments must own to be considered separately reportable?
A) $9,595,000. 
B) $4,670,000. 
C) $10,415,200. 
D) $5,490,200. 
E) $14,265,000.