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The Bilibong Company had three distinct operating divisions, each of which qualifies as a separate component. The sports equipment division had been unprofitable, and on June 1, 2018, the company adopted a plan to sell the assets of the division. The actu

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The Bilibong Company had three distinct operating divisions, each of which qualifies as a separate component. The sports equipment division had been unprofitable, and on June 1, 2018, the company adopted a plan to sell the assets of the division. The actu
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