What Is the Minimum Amount of Revenue an Operating Segment

question 84

Multiple Choice

What is the minimum amount of revenue an operating segment must have to be considered a reportable segment?

• A) $650,000.
• B) $660,000.
• C) $670,000.
• D) $680,000.
• E) $690,000.

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Definitions:

Implied

Suggested or understood without being directly stated.

Intent

The purpose or mindset with which an individual acts, often relevant in determining the legal implications of their actions.

Express Contract

A contract where the terms and conditions are clearly stated and agreed upon by all parties involved, either verbally or in writing.

Pay Damages

The act of compensating someone for loss or injury as determined by a court judgment or settlement agreement.