Question: In applying the asset test, what is the minimum amount an operating segment must have in order to meet the asset test for a reportable

 In applying the asset test, what is the minimum amount an

In applying the asset test, what is the minimum amount an operating segment must have in order to meet the asset test for a reportable segment?

Multiple Choice

  • $12.5.

  • $15.2.

  • $17.2.

  • $18.4.

  • $19.8.

Dean Hardware, Inc. is comprised of five operating segments. Information about each of these segments is as follows (in thousands): Rakes $ 94 4 Pails $ 506 26 2 Shovels Hardware Accessories $ 44 $ 122 $ 28 14 30 24 4 8 22 40 102 26 6 16 22 6 - Sales to outsiders Intersegment transfers Interest revenue outsiders Interest revenue - intersegment Operating expenses - outsiders Operating expenses intersegment Interest expense Income taxes Tangible assets Intangible assets Intersegment receivables 116 414 20 2 12 2 22 4 6 2 (4) 18 10 116 12 12 8 | 006 4 00 6

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!