Ravens Inc Required:
Explain the Nature of the Disclosures That Would Be

Essay

Ravens Inc. sells office furniture, including desks, chairs, partitioning walls, and office supplies, in more than six countries. The company is publicly traded and files annual statements with the securities regulator. The following information was provided by the controller for the most recent year ended December 31, 20X9.
$$\begin{array} { | l | r | } \hline & \begin{array} { r } \text { Revenues } \\\text { (in millions) }\end{array} \\\hline \text { Desks } & \$ 75 \\\hline \text { Chairs } & 40\\\hline \text { Partitions } & 115 \\\hline \text { Office supplies } & \underline { 10 } \\\hline & \$ 240 \\\hline & \\\hline \text { Canada } & \$ 75\\\hline \text { United States } & 109 \\\hline \text { Australia } &30 \\\hline \text { Europe } &15\\\hline \text { Asia } & \underline { 11 } \\\hline &\$ 240 \\\hline\end{array}$$ Required:
Explain the nature of the disclosures that would be required by Ravens.