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

Question 58

Multiple Choice

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: 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 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

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