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

question 40

Multiple Choice

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

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Definitions:

Covalent Bond

A strong chemical bond where two atoms share a pair of electrons to achieve a fuller outer shell of electrons.

Hydrogen Bond

A weak chemical bond between an electronegative atom, like oxygen or nitrogen, and a hydrogen atom bound to another electronegative atom, contributing to the structure and properties of molecules.

Atoms

The basic unit of a chemical element, consisting of a nucleus of protons and neutrons, with electrons orbiting around them.

Triple Bonds

Strong chemical bonds where three pairs of electrons are shared between two atoms, commonly seen in molecules like nitrogen gas (N₂).