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In Which Form of Business Does CVS Operate? List Two

question 153

Essay

In which form of business does CVS operate? List two places where this is revealed in the financial statements.


Definitions:

Disclosed

The act of making information known or revealed, often in a financial context.

Operating Segments

Components of a business for which separate financial information is available and is evaluated regularly by the chief operating decision-maker to allocate resources and assess performance.

Disclosed

Disclosed means to make known or reveal information that was previously secret or unknown.

Interim Reports

Periodic financial statements reported by a company, usually quarterly, to provide investors and stakeholders with an update on performance.

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