4. Revenue information for Mahoney Corporation is as follows: Consolidated revenue (from the income statement) $400,000 Intersegment

Question:

4. Revenue information for Mahoney Corporation is as follows:

Consolidated revenue (from the income statement) $400,000 Intersegment sales and transfers 80,000 Combined revenues of all industry segments $480,000 Does the 10 percent revenue test for a reportable segment apply to 10 percent of the $400,000 or 10 percent of the $480,000?

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