Elektronix, Inc

question 41

Multiple Choice

Elektronix, Inc. has three operating segments with the following information: 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:

FDIC

The Federal Deposit Insurance Corporation, a United States government agency that insures deposits at banks and savings associations.

Posteffective Period

In securities registration, the period that begins when the SEC declares the registration statement effective and ends when the issuer sells all the securities offered or withdraws them from sale.

Registration Statement

A document submitted to a regulatory body, often containing financial and other significant information, required for publicly offering securities for sale.

Issuer

An entity that develops, registers, and sells securities to finance its operations, which can be corporations, investment trusts, or governmental bodies.