Collins Company Reported Consolidated Revenue of $120,000,000 in 20X8

question 36

Multiple Choice

Collins Company reported consolidated revenue of $120,000,000 in 20X8.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