Cole Company Has the Following 2011 Financial Data: Cole

question 8

Multiple Choice

Cole Company has the following 2011 financial data: Cole Company should add segments if

• A) the sum of its segments' external revenue does not exceed $600,000.
• B) the sum of its segments' external revenue does not exceed $825,000.
• C) the sum of its segments' revenue including intersegment revenue does not exceed $600,000.
• D) the sum of its segments' revenue including intersegment revenue does not exceed $825,000.

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Definitions:

Cashier's Check

A check issued by a bank, drawn from its own funds and signed by a cashier or teller, guaranteeing payment to the payee.

Primarily Liable

Being the first or main party responsible for fulfilling a financial or legal obligation.

Fraud in the Factum

Refers to a specific type of fraud where a person is deceived into signing a document not knowing its true nature or essence.

Negotiable Instrument

A written promise or order to pay a fixed amount of money, easily transferable from one party to another.