Scenario 12-1
Ansfield, Inc -Refer to Scenario 12-1

question 33

Multiple Choice

Scenario 12-1
Ansfield, Inc. has several potentially reportable segments. The following financial information has been determined for the current fiscal year:
$\begin{array}{lr}\text { Consolidated net income } & \$ 1,000,000 \\\text { Operating income before taxes } & 1,500,000 \\\text { Net operating income of all segments } & 1,350,000 \\\text { Total consolidated revenue } & 8,000,000 \\\text { Total revenue of all segments, } & \\\text { excluding intersegments sales } & 7,000,000 \\\text { Total intersegment sales } & 1,200,000 \\\text { Consolidated total assets } & 50,000,000 \\\text { Total assets of all segments } & 45,000,000\end{array}$
-Refer to Scenario 12-1. The minimum amount of revenues a segment must have to qualify as reportable is ____.

• A) $700,000
• B) $800,000
• C) $820,000
• D) The answer cannot be determined from the information given.

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Definitions:

European Union

The European Union is a political and economic union of member states that are located primarily in Europe, aiming to promote peace, stability, and economic cooperation among its members.

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Involves the exchange of goods or services between entities in different countries, navigating various regulations and market conditions.

Tariffs

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Imports

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