In Applying the Profit or Loss Test, What Is the Minimum

question 78

Multiple Choice

In applying the profit or loss test, what is the minimum amount an operating segment must have in order to meet the profit or loss test for a reportable segment?

• A) $ 8.2.
• B) $ 9.0.
• C) $10.4.
• D) $13.0.
• E) $82.0.

Understand the importance of customer perspective in closing sales.

Demonstrate knowledge of the twelve keys to successful closing.

Apply knowledge of closing techniques to real-world selling situations.

Understand various closing techniques and their appropriate contexts.

---

Definitions:

Noncurrent Assets

Long-term resources owned by a company, such as property, plant, equipment, and intangible assets, expected to provide value beyond the immediate fiscal year.

Unearned Fees

Income received by a business for services yet to be provided or goods to be delivered; recognized as a liability until the service or good is delivered.

Current Liability

A company's financial obligations that are due to be settled within one year or within the normal operating cycle.

Current Liabilities

Short-term financial obligations that are due within one year or within a company's operating cycle, whichever is longer.