Main Manufacturing Corporation reported consolidated revenues of $50,000,000 on its income statement for 20X8.The management of the corporation identified 3 industry segments,M,N,and O.These segments had the following intersegment sales and transfers during 20X8:

For Main Manufacturing Corporation,the revenue test would be satisfied if any of its industry segments had revenue equal to or greater than which of the following?
A)$7,400,000
B)$5,740,000
C)$5,000,000
D)$4,260,000

Question

Main Manufacturing Corporation reported consolidated revenues of $50,000,000 on its income statement for 20X8.The management of the corporation identified 3 industry segments,M,N,and O.These segments had the following intersegment sales and transfers during 20X8:

For Main Manufacturing Corporation,the revenue test would be satisfied if any of its industry segments had revenue equal to or greater than which of the following?
A)$7,400,000 
B)$5,740,000 
C)$5,000,000 
D)$4,260,000

Quizplus · Accepted Answer

The Answer is B

Main Manufacturing Corporation Reported Consolidated Revenues of $50,000,000 on Its