Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22 The Hardware operating segment of Bloom Corporation has the following revenues for the year ended December 31, 2021 Sales to outsiders Intersegment transfers Interest

22 image text in transcribed
image text in transcribed
The Hardware operating segment of Bloom Corporation has the following revenues for the year ended December 31, 2021 Sales to outsiders Intersegment transfers Interest revenue - outsiders Interest revenue - intersegment loans $417,000 23,000 7,000 33,000 For purposes of the revenue test, what amount will be used as total revenues of the Hardware operating segment? Multiple Choice $480,000 $497,000. $440,000 $460.000 Help Save & Exit For purposes of the revenue test, what amount will be used as total revenues of the Hardware operating segment? Multiple Choice $480,000 $417,000 $440,000 $460,000 $424,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting and auditing research tools and strategies

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

8th edition

9781118806487, 1118027078, 1118806484, 978-1118027073

More Books

Students also viewed these Accounting questions

Question

What are their resources?

Answered: 1 week ago