Ansfield, Inc The Minimum Amount of Assets a Segment Must Have to Been

question 33

Multiple Choice

Ansfield, Inc.has several potentially reportable segments.The following financial information has been determined for the current fiscal year: ?

$$\begin{array} { l r } \text { Consolidated net income } & \$ 1,000,000 \\\text { Operating income before taxes } & 1,500,000 \\\text { Net operating income of all segments } & 1,350,000 \\\text { Total consolidated revenue } & 8,000,000 \\\text { Total revenue of all segments, } & \\\text { excluding intersegment sales } & 7,000,000 \\\text { Total intersegment sales } & 1,200,000 \\\text { Consolidated total assets } & 50,000,000 \\\text { Total assets of all segments } & 45,000,000\end{array}$$ The minimum amount of assets a segment must have to qualify as reportable is ____.

• A)$4,500,000
• B)$5,000,000
• C)$37,500,000
• D)The answer cannot be determined from the information given.

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Definitions:

Subliminal

Pertaining to stimuli or psychological processes that occur below the threshold of conscious awareness.

Below Threshold

Refers to stimuli that are too weak in intensity to evoke a perceptible response or awareness.

Barely Perceptible

Something so slight or minimal that it is almost impossible to notice or detect.

Light Waves

The form in which light travels, consisting of oscillating electric and magnetic fields, which allows it to propagate through various mediums, including a vacuum.