The Hardware Operating Segment of Bloom Corporation Has the Following

question 78

Multiple Choice

The Hardware operating segment of Bloom Corporation has the following revenues for the year ended December 31, 2021: For purposes of the revenue test, what amount will be used as total revenues of the Hardware operating segment?

• A) $417,000.
• B) $440,000.
• C) $424,000.
• D) $460,000.
• E) $480,000.

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Definitions:

Freedom To Farm Act

The Freedom to Farm Act, officially known as the Federal Agriculture Improvement and Reform Act of 1996, aimed to reduce government control over farming operations and crop production decisions in the United States.

Parity Ratio

A ratio that compares the value of one set of goods or services to another, often used in agricultural economics to compare farm prices to other prices in the economy.

Clayton Act

The federal antitrust law of 1914 that strengthened the Sherman Act by making it illegal for firms to engage in certain specified practices including tying contracts, interlocking directorates, and certain forms of price discrimination.

Wagner Act

Officially known as the National Labor Relations Act of 1935, it is a foundational statute of United States labor law which guarantees basic rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action including strikes.