Kaycee Corporation's Revenues for the Year Ended December 31,2008,were as Follows

question 78

Multiple Choice

Kaycee Corporation's revenues for the year ended December 31,2008,were as follows:
Consolidated Revenue per the Income Statement: $1,200,000
Upstream Intersegment Sales: $180,000
Downstream Intersegment Sales: $60,000
For purposes of the Revenue Test,what amount will be used as the benchmark for determining whether a segment is reportable?

• A)$24,000.
• B)$120,000.
• C)$138,000.
• D)$144,000.
• E)$0

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Definitions:

Withdrawals

The act of removing funds from a bank account, investment, or savings plan, often associated with personal or business financial management.

Retire

To retire means to withdraw from active working life, often due to reaching a certain age or financial independence that enables one to live without needing to earn a regular wage.

Cash Flow Stream

A cash flow stream is a series of cash flows associated with an investment over a period of time.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.