Main Manufacturing Corporation reported consolidated revenues of $50,000,000 on its income statement for 20X8. The management of the corporation identified 3 industry segments, M, N, and O. These segments had the following intersegment sales and transfers during 20X8: OperatingSegmentIntersegment Salesand TransfersM $2,000,000 N $2,400,000 O $3,000,000 For Main Manufacturing Corporation, the revenue test would be satisfied if any of its industry segments had revenue equal to or greater than which of the following?
A. $5,740,000
B. $5,000,000
C. $7,400,000
D. $4,260,000
Answer: A
Business
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