What Is the Minimum Amount of Assets an Operating Segment

question 39

Multiple Choice

What is the minimum amount of assets an operating segment must have to be considered a reportable segment?

• A) $ 1,400,000.
• B) $ 2,500,000.
• C) $ 4,100,000.
• D) $ 5,000,000.
• E) $25,000,000.

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Definitions:

Monopoly Power

The ability of a business to control market prices and total market output due to the lack of competition.

Federal Government

The national level of government organization, having authority over broader issues that cross state lines, such as defense, foreign policy, and monetary policy.

Department of Justice

A federal executive department of the U.S. government responsible for the enforcement of the law and administration of justice.

Proposed Mergers

Plans or considerations for two or more companies to combine their operations, resources, or identities to achieve strategic objectives.