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Santas Corporation is a diversified order essay for one page firm with operations in the United States, Canada, Chile, Spain, and France, each of which qualifies as a geographic segment.
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Information about the seven segments of the Kenny Corporation is presented below. Determine which of the segments are reportable and why. nonreportable segments should be combined into one single segment for reporting purposes. In what five ways must these segments be similar in order to be reported as one? Which of the following is NOT a characteristic of the proprietary theory that influences accounting for partnerships? salaries are viewed as a distribution of income rather than a component of net income.
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