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    FASB Has Specified a "75% Percent Consolidated Revenue Test
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FASB Has Specified a "75% Percent Consolidated Revenue Test

Question 41

Question 41

Essay

FASB has specified a "75% percent consolidated revenue test".
Required:
a)What is the 75% test?
b)How is the 75% test impacted by the "10% Significance Rule"?

Correct Answer:

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a)The total revenue from external source...

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