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Cherokee Company Reported Consolidated Revenue of $90,000,000 in 20X5

Question 74

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Cherokee Company reported consolidated revenue of $90,000,000 in 20X5.Cherokee operates in two geographic areas,domestic and Europe.The following information pertains to these two areas:
Cherokee Company reported consolidated revenue of $90,000,000 in 20X5.Cherokee operates in two geographic areas,domestic and Europe.The following information pertains to these two areas: What calculation below is correct to determine if the revenue test is satisfied for the European operations? A) $28,000,000/$90,000,000 B) $28,000,000/$100,000,000 C) $32,000,000/$100,000,000 D) $32,000,000/$90,000,000
What calculation below is correct to determine if the revenue test is satisfied for the European operations?


A) $28,000,000/$90,000,000
B) $28,000,000/$100,000,000
C) $32,000,000/$100,000,000
D) $32,000,000/$90,000,000

Correct Answer:

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