Question
Thompson Corp. was engaged solely in manufacturing operations. The following data pertain to the operating segments for 2020: Operating Segment Total Revenue Profit Assets at
Thompson Corp. was engaged solely in manufacturing operations. The following data pertain to the operating segments for 2020:
Operating Segment | Total Revenue |
| Profit |
| Assets at 12/31/20 | ||||||
A | $ | 14,500,000 |
|
| $ | 2,475,000 |
|
| $ | 29,000,000 |
|
B |
| 11,300,000 |
|
|
| 1,980,000 |
|
|
| 24,700,000 |
|
C |
| 8,450,000 |
|
|
| 1,690,000 |
|
|
| 17,600,000 |
|
D |
| 4,300,000 |
|
|
| 780,000 |
|
|
| 10,450,000 |
|
E |
| 6,000,000 |
|
|
| 963,000 |
|
|
| 9,900,000 |
|
F |
| 2,150,000 |
|
|
| 314,000 |
|
|
| 4,300,000 |
|
| $ | 46,700,000 |
|
| $ | 8,202,000 |
|
| $ | 95,950,000 |
|
|
What is the minimum amount of revenue that each of these segments must earn to be considered separately reportable?
Group of answer choices
A- $5,490,200.
B- $4,585,000.
C-$3,502,500.
D- $9,595,000.
E- $4,670,000.
What is the minimum amount of profit or loss that each of these segments must earn to be considered separately reportable?
Group of answer choices
A- $815,000.
B- $820,200.
C- $902,220.
D- $845,000.
E- $959,500.
What is the minimum amount of assets that each of these segments must own to be considered separately reportable?
Group of answer choices
A- $9,595,000.
B- $14,265,000.
C- $4,670,000.
D- $10,415,200.
E- $5,490,200.
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