The Hardware Operating Segment of Bloom Corporation Has the Following

question 40

Multiple Choice

The hardware operating segment of Bloom Corporation has the following revenues for the year ended December 31, 2013: For purposes of the revenue test, what amount will be used as total revenues of the hardware operating segment?

• A) $417,000.
• B) $440,000.
• C) $424,000.
• D) $460,000.
• E) $480,000.

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Definitions:

Sherman Act

A foundational antitrust law in the United States, enacted in 1890, aimed at preventing monopolistic practices and promoting competition.

Clayton Act

A U.S. antitrust law enacted in 1914 aimed at promoting competition and preventing monopolies by prohibiting certain practices that could lead to anti-competitive behavior.

Federal Labor Law

Laws established by the federal government to regulate the relationship between employees, employers, and unions.

Closed Shops

describes workplaces that require employees to be members of a specific labor union both before and during their employment, a practice now largely illegal in the U.S.