Ansfield, Inc. has several potentially reportable segments. The following financial information has been determined for the current fiscal year: 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.

Question

Ansfield, Inc. has several potentially reportable segments. The following financial information has been determined for the current fiscal year:  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.

Quizplus · Accepted Answer

Consolidated revenue = $8,000,000 x 75% = $6,000,000