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_____ Punex Has Three Operating Segments and a Headquarters Office

Question 37

Multiple Choice

_____ Punex has three operating segments and a headquarters office. Information for the assets of these units at 12/31/06 follows:
_____ Punex has three operating segments and a headquarters office. Information for the assets of these units at 12/31/06 follows: In applying the 10% of assets test used to determine reportable segments, the 10% is applied to A) $ 600,000 B) $ 650,000 C) $ 660,000 D) $1,260,000 E) $1,370,000 In applying the 10% of assets test used to determine reportable segments, the 10% is applied to


A) $ 600,000
B) $ 650,000
C) $ 660,000
D) $1,260,000
E) $1,370,000

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