Kaycee Corporation's Revenues for the Year Ended December 31, 2010

question 55

Multiple Choice

Kaycee Corporation's revenues for the year ended December 31, 2010, were as follows: Consolidated Revenue per the Income Statement: $1,200,000
Upstream Intersegment Sales: $180,000
Downstream Intersegment Sales: $60,000
For purposes of the Revenue Test, what amount will be used as the benchmark for determining whether a segment is reportable?

• A) $24,000.
• B) $120,000.
• C) $138,000.
• D) $144,000.
• E) $0.

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Definitions:

Triple Bottom Line

Framework with three parts: social, environmental, and financial; also referred to as the 3Ps: people, planet, and profit.

Corporate Social Responsibility

A business model that helps a company be socially accountable to itself, its stakeholders, and the public, often focusing on environmental, economic, and social impact.

Corporate Social Responsibility

The commitment of a business to contribute to sustainable economic development and improve the quality of life of the workforce, their families, the community, and society at large.

CEO Activism

The efforts of chief executive officers to influence public policy and social issues outside of their companies' immediate business interests.