Priestly Corporation's Revenues for the Year Ended December 31, 2020

question 44

Multiple Choice

Priestly Corporation's revenues for the year ended December 31, 2020, were as follows:Consolidated Revenue per the Income Statement: $1,400,000Division 1 Intersegment Sales: $200,000Division 2 Intersegment Sales: $80,000For purposes of the Revenue Test, what amount will be used as the benchmark for determining whether a segment is reportable?

• A) $140,000.
• B) $148,000.
• C) $160,000.
• D) $168,000.
• E) $0.

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Definitions:

Fine Motor Skills

The small muscle movements of the hands, fingers, and other parts of the body that enable tasks such as writing, typing, and tying shoelaces.

Preference Increase

The process by which an individual's favor or liking for a particular stimulus or choice becomes more pronounced over time.

Sweet And Salty

A taste preference often referring to the enjoyment of foods or snacks that combine sugary and savory flavors.

Parents' Dislikes

The specific aversions or negative feelings that parents have towards certain behaviors, actions, or preferences.