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faltersainse [42]
4 years ago
14

Grum Corp., a publicly owned corporation, is subject to the requirements for segment reporting.

Business
1 answer:
Orlov [11]4 years ago
7 0

Answer:

Option (d) $5,000,000

Explanation:

Data provided in the question:

Reported revenues = $50,000,000

Operating expenses = $47,000,000

Net income = $3,000,000

Payroll costs included in the operating expenses = $15,000,000

Combined identifiable assets of all industry segments = $40,000,000

Now,

If the revenue derived from sales to any single customer is 10% or more of the revenue of an enterprise then the amount of revenue from each customer shall be disclosed.

Therefore,

Grum should disclose major customer data if

sales to any single customer amount at least = 10% of Reported revenues

= 10% of $50,000,000

= $5,000,000

Option (d) $5,000,000

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3 years ago
Becky heads the finance team of Herald Inc. Whenever her team’s work is commended, she takes all the credit. On the other hand,
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Answer:

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4 years ago
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allochka39001 [22]
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2. the works health and it's called Workers’ compensation insurance
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3 years ago
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dmitriy555 [2]

Answer:

270,000 units

Explanation:

Given that:

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Ending Inventory for finished goods :  41,000

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3 years ago
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Best answer is that I can think of is probably C
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