Levens Co operates in several distinct business segments The c
Levens Co. operates in several distinct business segments. The company does not have any reportable foreign operations or major customers.

Required:
1. What is the purpose of operating segment disclosures?
2. Define an operating segment.
3. List the amounts to be reported by operating segment.
4. How would your answer to requirement 3 differ if Levens Co. prepares its segment disclosure according to International Financial Reporting Standards?

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