Thompson Corp. was engaged solely in manufacturing operations. The following data pertain to the operating segments for 2020: What is the minimum amount of profit or loss that each of these segments must earn to be considered separately reportable?
A) $815,000.
B) $820,200.
C) $845,000.
D) $902,220.
E) $959,500.

Question

Thompson Corp. was engaged solely in manufacturing operations. The following data pertain to the operating segments for 2020:  What is the minimum amount of profit or loss that each of these segments must earn to be considered separately reportable?
A) $815,000. 
B) $820,200. 
C) $845,000. 
D) $902,220. 
E) $959,500.

Quizplus · Accepted Answer

The Answer of Thompson Corp. was engaged solely in manufacturing operations. The following data pertain to the operating segments for 2020:  What is the minimum amount of profit or loss that each of these segments must earn to be considered separately reportable?
A) $815,000. 
B) $820,200. 
C) $845,000. 
D) $902,220. 
E) $959,500.