Question: The controller for Lafayette Inc. recently commented, If I have to disclose our segments individually, the only people who will gain are our competitors and

The controller for Lafayette Inc. recently commented, “If I have to disclose our segments individually, the only people who will gain are our competitors and the only people that will lose are our present stockholders.” Evaluate this comment.

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One of the major reasons for not providing segment information is that competitors will then be a... View full answer

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