Multiple Choice
_____ An entity that operates in several industries has (a) external sales of $40,000,000, (b) intrasegment sales of $3,000,000, and (c) intersegment sales of $7,000,000. In performing the 10% of revenues test to determine reportable segments, the 10% is applied to
A) $3,000,000
B) $40,000,000
C) $43,000,000
D) $47,000,000
E) $50,000,000
Correct Answer:
Verified
Correct Answer:
Verified
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