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Whitley Corporation identified four operating segments: Automotive,Electrical,Lawn Equipment,and Sporting Goods.Automotive met the revenue test and the profit or loss test.Electrical met all three tests.Lawn Equipment met only the asset test.Sporting Goods did not meet any of the three tests.Which of these segments must be disclosed separately?
Free Trade
An economic policy that allows imports and exports among countries with minimal regulatory barriers or tariffs.
Legal Regulation
The implementation and enforcement of laws by a governing body to control or direct the activities conducted by individuals, organizations, or systems.
Public Interest
The welfare or well-being of the general public, often considered a guideline in determining policy and laws.
Railway Labor Act
A United States federal law that governs labor relations in the railroad and airline industries, facilitating dispute resolution and collective bargaining.
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