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PRESENTATION AND DISCLOSURE EXAMPLES Example 2.1: Reclassification

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During the first quarter of fiscal 20X3, the Company evaluated the impact of the organizational restructuring program (see Note X) on the determination of its operating segments and reporting units. The Company concluded that its operating and reportable segments continue to be Candles, Home Furnishings, and Body Care. However, based on the organizational changes that result from the organizational restructuring and the impact on the information used by the Chief Operating Decision Maker (CODM), the Company reclassified the revenues and costs associated with one brand from the Body Care to the Candles operating segment. The revenues and costs associated with the reclassification of one brand from Body Care to Candles Care have been reflected for the fiscal years ending 20X3 and 20X2. Further, the Company has reclassified amounts presented for depreciation and amortization to reflect the fully allocated amounts included in Operating income (loss) of the segments.

Wiley GAAP: Financial Statement Disclosure Manual

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