Collins Company Reported Consolidated Revenue of $120,000,000 in 2008

question 4

Multiple Choice

Collins Company reported consolidated revenue of $120,000,000 in 2008.Collins operates in two geographic areas,domestic and Asia.The following information pertains to these two areas: What calculation below is correct to determine if the revenue test is satisfied for the Asian operations?

• A)$58,000,000/$140,000,000
• B)$50,000,000/$120,000,000
• C)$58,000,000/$120,000,000
• D)$50,000,000/$140,000,000

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Definitions:

Century

A period of one hundred years.

Estimated

An approximation or educated guess based on available information or data, often used when exact numbers are unavailable.

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Entities that display the characteristics of life, including the ability to grow, reproduce, respond to stimuli, and often, to move.

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A state of internal balance within living organisms, despite changes in external environment.