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:

Episode

An event or a series of events occurring as part of a larger sequence; in media, it refers to a single installment of a television show or podcast.

Abuse

The improper treatment or misuse of something or someone, often causing harm or injury.

Autobiographical Memory

Memory of specific events in one’s life.

Script

General remembered outline of a familiar, repeated event, used to guide behavior.