Question

The following excerpt is from the financial statements of H. J. Heinz Company and provides segmented geographic data:
The company is engaged principally in one line of business—processed food products—that represents more than 90% of consolidated sales. Information about the company business by geographic area is presented in the table below.
There were no material amounts of sales or transfers between geographic areas or between affiliates, and no material amounts of United States export sales.
Instructions
(a) Why does H. J. Heinz not prepare segment information on its products or services?
(b) Why are revenues by geographic area important to disclose?


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  • CreatedAugust 23, 2015
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