Sales by Knight Inc. to major customers are as follows: Required If worldwide sales total $43,000,000 for
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If worldwide sales total $43,000,000 for the year, which of Knights customers should be disclosed as majorcustomers?
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Customer Sales Reporting Segment State of llinois Cook County, Illinois U.S. Treasury Department U.S. Department of Defense Bank of England Philips NV Honda $2,700,000 Computer hardware Computer software Service contract 3,500,000 3,900,000 2,200,000 Servi 4,650,000 2,850,000 ce contract Computer software Computer hardware 5,400,000 Coputer hardware
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Major customers are those to whom sales equal or exceed 4300000 43000000 x 010 Gove...View the full answer
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Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
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