In FASB Statement No. 131, "Disclosures about Segments . . . ," the FASB provided accounting standards for allocating nontraceable expenses to segments.

Question

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FASB Statement No. 131, "Disclosures about Segments of an Enterprise and Related Information," focuses on the ways in which public companies must report information about operating segments, products and services, geographic areas, and major customers. It does not provide standards for allocating nontraceable expenses to segments but rather emphasizes the disclosure of information that allows users of financial statements to evaluate the nature and financial effects of the business activities in which an entity engages.

In FASB Statement No