Zan Corp., a publicly owned corporation, is subject to the requirements for segment reporting. In its income statement for the current year-end, Zan reported revenues of $100,000,000, operating expenses of $94,000,000, and net income of $6,000,000. Operating expenses include payroll costs of $30,000,000. Zan's combined identifiable assets of all operating segments in the current year were $80,000,000. In its current-year financial statements, Zan should disclose major customer data if sales to any single customer amount to at least

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.