According to the Revenue Test, Which Segment(s) Are Separately Reportable

question 12

Multiple Choice

According to the revenue test, which segment(s) are separately reportable?

• A) Silver only.
• B) Crystal and Silver.
• C) China and Crystal.
• D) China and Silver.
• E) China, Crystal, and Silver.

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Definitions:

Account Receivable

Money owed to a company for goods or services that have been delivered but not yet paid for by customers.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to another party under specific terms.

Dividends

Payments made by a corporation to its shareholders, usually derived from profits, as a distribution of earnings.

Family Car

A vehicle designed primarily for the transportation of a family, typically offering increased seating space and safety features.