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

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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% revenue test for a reportable segment apply to 10% of the $400,000 or 10% of the $480,000?

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Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Question Posted: Jan 18, 2023 03:50 AM

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

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The 10 revenue test for a reportable segment applies to 10 of th...View the full answer

Advanced Accounting

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