Collins Company reported consolidated revenue of $120,000,000 in 20X8. Collins operates in two geographic areas, domestic and Asia. The following information pertains to these two areas: What calculation below is correct to determine if the revenue test is satisfied for the Asian operations?
A) $58,000,000/$140,000,000
B) $50,000,000/$120,000,000
C) $58,000,000/$120,000,000
D) $50,000,000/$140,000,000

Question

Collins Company reported consolidated revenue of $120,000,000 in 20X8. Collins operates in two geographic areas, domestic and Asia. The following information pertains to these two areas:  What calculation below is correct to determine if the revenue test is satisfied for the Asian operations?
A) $58,000,000/$140,000,000 
B) $50,000,000/$120,000,000 
C) $58,000,000/$120,000,000 
D) $50,000,000/$140,000,000

Quizplus · Accepted Answer

The Answer of Collins Company reported consolidated revenue of $120,000,000 in 20X8. Collins operates in two geographic areas, domestic and Asia. The following information pertains to these two areas:  What calculation below is correct to determine if the revenue test is satisfied for the Asian operations?
A) $58,000,000/$140,000,000 
B) $50,000,000/$120,000,000 
C) $58,000,000/$120,000,000 
D) $50,000,000/$140,000,000

Collins Company Reported Consolidated Revenue of $120,000,000 in 20X8