Benchmark for determining whether a segment is reportable, Accounting Basics

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Benchmark for determining whether a segment is reportable

Kaycee Corporation's revenues for the year ended December 31, 2008, were as follows: Consolidated Revenue per the Income Statement: $1,200,000 Upstream Inter-segment Sales: $180,000 Downstream Inter-segment Sales: $60,000 For purposes of the Revenue Test, what amount will be used as the benchmark for determining whether a segment is reportable?

A. $24,000

B. $120,000

C. $138,000

D. $144,000

E. $0

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Accounting Basics: Benchmark for determining whether a segment is reportable

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Accounting Basics: Benchmark for determining whether a segment is reportable

Reference No:- TGS072069

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Recent Questions Asked Accounting Basics

Q : Balance sheet for your analysis

Q : The notebook

Q : Assume that the company adopts the balanced scorecard

Q : What changes make given current economic conditions

Q : Benchmark for determining whether a segment is reportable

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Benchmark for determining whether a segment is reportable

Reference No:- TGS072069

Recent Questions Asked Accounting Basics

Q : Balance sheet for your analysis

Q : The notebook

Q : Assume that the company adopts the balanced scorecard

Q : What changes make given current economic conditions

Q : Benchmark for determining whether a segment is reportable

Q : Dr.amr. abdalla''s c.r.

Q : How ratchet effects affect anti-inflationary fiscal policy

Q : Fair-value method to account for investment

Q : Determining the individual budgets

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