Main Manufacturing Corporation reported consolidated revenues of $50,000,000 on its income statement for 20X8. The management of the corporation identified 3 industry segments, M, N, and O. These segments had the following intersegment sales and transfers during 20X8: For Main Manufacturing Corporation, the revenue test would be satisfied if any of its industry segments had revenue equal to or greater than which of the following?
A) $7,400,000
B) $5,740,000
C) $5,000,000
D) $4,260,000

Question

Main Manufacturing Corporation reported consolidated revenues of $50,000,000 on its income statement for 20X8. The management of the corporation identified 3 industry segments, M, N, and O. These segments had the following intersegment sales and transfers during 20X8:  For Main Manufacturing Corporation, the revenue test would be satisfied if any of its industry segments had revenue equal to or greater than which of the following?
A) $7,400,000 
B) $5,740,000 
C) $5,000,000 
D) $4,260,000

Quizplus · Accepted Answer

The Answer of Main Manufacturing Corporation reported consolidated revenues of $50,000,000 on its income statement for 20X8. The management of the corporation identified 3 industry segments, M, N, and O. These segments had the following intersegment sales and transfers during 20X8:  For Main Manufacturing Corporation, the revenue test would be satisfied if any of its industry segments had revenue equal to or greater than which of the following?
A) $7,400,000 
B) $5,740,000 
C) $5,000,000 
D) $4,260,000

Main Manufacturing Corporation Reported Consolidated Revenues of $50,000,000 on Its