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

question 55

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

---

Definitions:

Conforming Goods

Products that meet the specifications and standards mentioned in a contract of sale.

Perfect Tender Rule

A principle in sales law that allows a buyer to reject goods if they do not conform exactly to the terms of the contract, regardless of the significance of the nonconformity.

Substantial Impairment

A significant reduction or weakening in capacity, value, or function.

Berry Size

A classification or measurement used in agriculture to denote the physical dimensions of berries.