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The following information pertains to Aria Corp. and its divisions for the year ended December 31, 1988:
Aria and all of its divisions are engaged solely in manufacturing operations. Aria has a reportable segment if that segment's revenue exceeds:
Suggested Answer: B
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Choice 'B' is correct. Changes in accounting principle are handled 'retrospectively.' Beginning retained earnings of the earliest year presented is adjusted for the cumulative effect of the change and all prior year financial statements are restated.
36 comments · newest first
RO
Ronny
10 months ago
Is it really just $200,000? That feels off.
DE
Delisa
11 months ago
Totally agree, $264,000 makes sense for manufacturing.
NO
Norah
11 months ago
Wait, $204,000? That seems low for a reportable segment!
AN
Andra
11 months ago
I think it should be $260,000, right?
NA
Nakisha
11 months ago
The threshold for a reportable segment is $264,000.
TI
Tina
12 months ago
I’m really uncertain about this one. I thought it was $204,000, but now I’m second-guessing myself after reviewing the options.
KI
Kimberely
12 months ago
I feel like the answer is $264,000 because I recall something about higher thresholds for reportable segments.
EL
Eleonora
12 months ago
I practiced a similar question where the threshold was around $200,000, so I’m leaning towards option D, but I could be mixing it up.
OR
Ora
1 year ago
I think I remember that a reportable segment needs to exceed a certain revenue threshold, but I’m not sure if it’s $260,000 or $264,000.
KA
Kayleigh
1 year ago
I'm a bit confused by the wording of the question. I'll need to re-read it carefully and make sure I understand the requirements before selecting an answer.
TY
Tyisha
1 year ago
I've got this! The key is recognizing that Aria has a reportable segment if the revenue exceeds a certain threshold. I just need to pick the right threshold value from the options.
HE
Hershel
1 year ago
Okay, let me think this through step-by-step. First I'll identify the division revenues, then I'll compare those to the potential thresholds to see which one matches the criteria.
EL
Elly
1 year ago
Hmm, I'm a little unsure about this one. I'll need to carefully review the revenue information for each division and make sure I understand the criteria for a reportable segment.
LO
Louvenia
1 year ago
This seems straightforward - I just need to compare the revenue thresholds to the division revenues and determine which one is the correct reportable segment criteria.
LA
Lashaunda
1 year ago
Okay, I've got this. The question is asking which 3 services can be used for a register cluster, so I'll select the 3 that seem most relevant.
OL
Olga
1 year ago
I'm confident that an acceptable use policy is the right answer here. It allows you to establish clear rules and procedures for BYOD to mitigate potential security issues.
AL
Alline
1 year ago
Hmm, I'm a bit confused on the TLOG store setup. I know it's related to high availability, but I'm not sure about the specific configuration requirements. I'll need to review the details on that.
MI
Ming
1 year ago
Wait, does Aria Corp. have a division that makes fortune cookies? Because if so, I'm going with B - $260,000. You know, for the extra fortune-telling power!
AD
Adria
1 year ago
User 3: I'm sticking with B - $260,000 for that extra fortune-telling power!
LA
Lai
1 year ago
User 2: Yeah, I agree. I'll go with D - $200,000.
FR
Francisca
1 year ago
User 1: I think Aria Corp. is all about manufacturing, no fortune cookies here.
LE
Leandro
1 year ago
I'm confident D is the right answer, but I'm also curious to know what kind of manufacturing Aria Corp. is into. Maybe they make robots or something?
HO
Hollis
1 year ago
Haha, I bet the accountants at Aria Corp. are having a field day trying to keep track of all those numbers! D is the way to go.
EL
Elin
1 year ago
User 3: Definitely, D is the right choice.
GE
Georgeanna
1 year ago
User 2: Yeah, it seems like a lot to keep track of.
MA
Margot
1 year ago
The accountants must be working overtime to analyze all that data.
TA
Tamekia
1 year ago
Yeah, D makes sense considering the revenue threshold.
AL
Alishia
1 year ago
User 1: I agree, D is the answer.
DE
Deeann
1 year ago
I agree, D seems like the most reasonable option.
CY
Cyndy
1 year ago
Wow, Aria Corp. must be a pretty big company to have divisions with revenue that high! I'm going with D, it just makes the most sense.
MA
Magdalene
1 year ago
The correct answer is D) $200,000. This is the threshold for a reportable segment based on the information provided.
TE
Teddy
1 year ago
That makes sense, since the threshold for a reportable segment is $200,000.
TE
Teddy
1 year ago
I think the answer is D) $200,000.
JA
Jacquelyne
2 years ago
I see your point, but I still think A) $264,000 makes more sense based on the information provided.
PA
Pa
2 years ago
I disagree, I believe the answer is C) $204,000.
JA
Jacquelyne
2 years ago
I think the answer is A) $264,000.