The following information pertains to Bass Lake Development Corp. and its divisions for the year...
Question:
The following information pertains to Bass Lake Development Corp. and its divisions for the year ended December 31, 2017.
| Sales to unaffiliated customers | $3,750,000 |
| Intersegment sales of products similar to those sold to unaffiliated customers | 1,110,000 |
| Interest earned on loans to other operating segments | 66,000 |
Bass Lake and all of its divisions are engaged solely in manufacturing operations. Bass Lake has a reportable segment if that segment's revenue exceeds:
a. $381,600.
b. $110,000.
c. $375,000.
d. $486,000.
Revenue:
Total revenue is the total income or profit earned from the sale of the total output manufactured by a business. Total revenue is calculated as the product of the price and the quantity of output.
Answer and Explanation: 1
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View this answerThe correct option is Option d, i.e., $486,000.
Computation of exceeding segment's revenue:
| Particulars | Amount ($) |
| Sales to unaffiliated customers | ... |
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