Industrious Industries sells five different types of products. Internally, Industrious is divided into five different divisions based
Question:
Industrious Industries sells five different types of products. Internally, Industrious is divided into five different divisions based on these five different product lines. Industrious has prepared the following information to disclose to external users in the notes to its 2008 financial statements:
According to the provisions of FASB Statement No. 131, what additional information must Industriousprovide?
Transcribed Image Text:
Industrious Industries Business Segment Information For the Year Ended December 31, 2008 (in millions of dollars) Division 1 Division 2 Division 3 Division 4 Division 5 Total Revenues Operating profit Total assets $ 825 $104 15 278 $126 I0 $ 89 $1,254 141 3,337 1.935 325 380
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In addition to the information already provided about its product line divisions In...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-0324312140
16th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
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