Cutter Hardware operates a chain of hardware stores, mainly in the eastern United States. Since...
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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 areas. In completing its first 10-K report, Cutter considers the lines of business that are reviewed each month by the CEO and CFO. Total Line of business Lumber Bathroom Kitchen Lighting Garden Seasonal Total revenue 48,000,000 18,400,000 8,800,000 8,000,000 7,500,000 7,200,000 97,900,000 Operating Identifiable Profit or assets 10,500,000 66,800,000 1,200,000 58,000,000 (840,000) 30,800,000 1,800,000 20,800,000 220,000 17,550,000 (420,000) 18,000,000 12,460,000 211,950,000 The sales of the Lighting line include $50,000 of sales to Bathroom and $125,000 of sales to Kitchen. Which of these segments are reportable and what should the disclosure should look like
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