Dean Hardware, Inc. is comprised of five operating segments. Information about each of these segments is as follows (in thousands): In applying the asset test, what is the minimum amount an operating segment must have in order to meet the asset test for a reportable segment?
A) $12.5.
B) $15.2.
C) $17.2.
D) $18.4.
E) $19.8.

Question

Dean Hardware, Inc. is comprised of five operating segments. Information about each of these segments is as follows (in thousands):  In applying the asset test, what is the minimum amount an operating segment must have in order to meet the asset test for a reportable segment?
A) $12.5. 
B) $15.2. 
C) $17.2. 
D) $18.4. 
E) $19.8.

Quizplus · Accepted Answer

Rakes $26 + Pails $122 + Shovels $16 + Hardware $20 + Acc. $14 = Total Assets $198 × 10% = $19.8 Minimum for Reporting