Get the free Discontinued Operations - Leggett & Platt, Incorporated

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year

How to fill out discontinued operations - leggett

Point by point, here is how to fill out discontinued operations - leggett:

1. Start by gathering all relevant financial information related to the discontinued operations of Leggett. This may include income statements, balance sheets, and cash flow statements.
2. Identify any discontinued operations within Leggett's financial statements. These are typically business lines or assets that the company has decided to sell, abandon, or otherwise cease operating.
3. Separate the financial information of the discontinued operations from the continuing operations of Leggett. This is crucial to accurately present the financial performance and position of the company.
4. Determine if the discontinued operations meet the specific criteria outlined in the accounting standards for reporting as a discontinued operation. These criteria typically include the disposal of a significant component of an entity or a business segment.
5. If the discontinued operations meet the criteria, present the financial results of the discontinued operations separately in the income statement, balance sheet, and cash flow statement. This allows stakeholders to understand the impact of the discontinued operations on Leggett's financial performance.

Who needs discontinued operations - leggett?

1. Investors and shareholders of Leggett: Discontinued operations provide important information about the financial performance and ongoing strategy of the company. Investors rely on these disclosures to make informed investment decisions.
2. Financial analysts: Professionals often need detailed information about discontinued operations to analyze Leggett's performance, assess the company's strategic decisions, and project future financial results.
3. Regulators and auditors: Discontinued operations are subject to regulatory reporting requirements, and auditors need to ensure that Leggett complies with accounting standards and accurately presents the financial results of discontinued operations.
4. Potential buyers or investors: If Leggett is looking to sell or divest certain business lines, potential buyers or investors might be interested in understanding the financial performance and potential of these discontinued operations.

In summary, filling out discontinued operations - Leggett involves gathering relevant financial information, identifying and separating discontinued operations, ensuring compliance with accounting standards, and presenting the results separately. Various stakeholders, including investors, analysts, regulators, and potential buyers, rely on these disclosures to make informed decisions.

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What is discontinued operations - leggett?

Discontinued operations - Leggett refers to the division or segment of Leggett & Platt Inc., a company that has been discontinued or is in the process of being shut down.

Who is required to file discontinued operations - leggett?

Leggett & Platt Inc., as the parent company, is required to file the information related to discontinued operations - Leggett.

How to fill out discontinued operations - leggett?

To fill out discontinued operations - Leggett, Leggett & Platt Inc. needs to provide detailed information about the business segment that has been discontinued, including financial statements, income/loss statement, and any additional relevant information.

What is the purpose of discontinued operations - leggett?

The purpose of reporting discontinued operations - Leggett is to provide transparency and clarity to the stakeholders and investors regarding the performance and financial impact of the discontinued segment on Leggett & Platt Inc.

What information must be reported on discontinued operations - leggett?

The information that must be reported on discontinued operations - Leggett includes the financial statements (balance sheet, income statement, and cash flow statement) specific to the discontinued segment, along with any impairment charges, gain/loss on disposal, and tax effects.