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Faru Co Identified Five Industry Segments: (1) Plastics, (2) Metals, (3)

Question 112

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Faru Co. identified five industry segments: (1) plastics, (2) metals, (3) lumber, (4) paper, and (5) finance. Each of these segments had been consolidated appropriately by the company in producing its annual financial statements. Information describing each segment is presented below (in thousands). Faru Co. identified five industry segments: (1) plastics, (2) metals, (3) lumber, (4) paper, and (5) finance. Each of these segments had been consolidated appropriately by the company in producing its annual financial statements. Information describing each segment is presented below (in thousands). Prepare the revenue test and determine which of these segments was separately reportable. Prepare the revenue test and determine which of these segments was separately reportable.

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