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

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:

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