Operand Corporation Reported Consolidated Revenues of $30,000,000 on Its Income

question 70

Multiple Choice

Operand Corporation reported consolidated revenues of $30,000,000 on its income statement for 20X4.The management of the corporation identified three industry segments,X,Y,and Z.These segments had the following intersegment sales and transfers during 20X4:

For Operand Corporation,the revenue test would be satisfied if any of its industry segments had revenue equal to or greater than which of the following?

• A) $2,450,000
• B) $3,000,000
• C) $3,550,000
• D) $5,500,000

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Definitions:

Paralytic Ileus

Paralysis of the intestinal wall with symptoms of acute obstruction.

Small Intestine

A part of the gastrointestinal tract where most of the digestion and absorption of nutrients takes place.

Bile

A secretion of the liver; a greenish-yellow fluid with a bitter taste.

Crohn's Disease

A chronic inflammatory bowel disease characterized by inflammation of the digestive tract, leading to abdominal pain, severe diarrhea, fatigue, weight loss, and malnutrition.