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Pax Company is a furniture manufacturer. For internal reporting purposes, products are grouped into seven categories, which are reported management separately to the executives and
Pax Company is a furniture manufacturer. For internal reporting purposes, products are grouped into seven categories, which are reported management separately to the executives and board of directors. Following are the categories and their revenues, profit/loss, and identifiable net assets for 2021: What segments would Pax need to report for 2021 ? How would they be reported
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