An enterprise is required to disclose information about its major customers if 10% or more of its
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Question:
An enterprise is required to disclose information about its major customers if 10% or more of its revenue is derived from any single customer. This disclosure must include:
a). The products or services generating the revenue from such sales.
b). The operating segment or segments making such sales and the total revenue from the customer.
c). The name of the customer to whom the sales were made.
d). The dollar amounts of revenue and any profit or loss on the sales.
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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