Question: Multitasking Industries sells five different types of products. Internally, Multitasking is divided into five different divisions based on these five different product lines. Multitasking has
Multitasking Industries sells five different types of products. Internally, Multitasking is divided into five different divisions based on these five different product lines. Multitasking has prepared the following information to disclose to external users in the notes to its 2013 financial statements:
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According to the provisions of FASB ASC Topic 280 (Segment Reporting), what additional information must Multitasking provide?
Multitasking Industries Business Segment Information For the Year Ended December 31, 2013 in millions of dollars) Division 1 Division 2 Division 3 Division 4 Division 5 Total Revenues Operating profit. Total assets $320 51 530 $750 104 2,110 $ 94 14 372 105 1,559 196 3,707 20 415 280
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