Problem

Revenue information for Mahoney Corporation is as follows: Consolidated revenue (from th...

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

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Solutions For Problems in Chapter 15