Ansfield, Inc. has several potentially reportable segments. The following financial information has been determined for the current fiscal year: The minimum amount of assets a segment must have to qualify as reportable is ____.
A)$4,500,000
B)$5,000,000
C)$37,500,000
D)The answer cannot be determined from the information given.

Question

Ansfield, Inc. has several potentially reportable segments. The following financial information has been determined for the current fiscal year:  The minimum amount of assets a segment must have to qualify as reportable is ____.
A)$4,500,000 
B)$5,000,000 
C)$37,500,000 
D)The answer cannot be determined from the information given.

Quizplus · Accepted Answer

Combined assets = $4,500,000 x 10% = $4,500,000