Analyze the following:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
33
Analyze the following:
I – 75% test should applied based on all external revenue of all reportable segments only.
II – Failure to record
III – If income from continuing operations is less than zero, potentially dilutive securities are antidilutive.
Given these, we can conclude that:
Group of answer choices
Only statement III is false.
Only statements I and II are false.
Only statements II and III are false.
Only statements I and III are true.
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