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Cutter Hardware operates a chain of hardware stores, mainly in the eastern United States. Since going public, the company is considering expanding to the western
Cutter Hardware operates a chain of hardware stores, mainly in the eastern United States. Since going public, the company is considering expanding to the western areas. In completing its first 10-K report, Cutter considers the lines of business that are reviewed each month by the CEO and CFO. Which of these segments are reportable and what should the disclosure should look like? Identifiable assets Line of business Lumber Bathroom Kitchen Lighting Garden Seasonal Operating Total revenue Profit or (loss) 48,000,000 10,500,000 18,400,000 1,200,000 8,800,000 (840,000) 8,000,000 1,800,000 7,500,000 220,000 7,200,000 (420,000) 97,900,000 12,460,000 66,800,000 58,000,000 30,800,000 20,800,000 17,550,000 18,000,000 211,950,000 Total
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