What information does U.S. GAAP require to be disclosed for a major customer?
A) The identity of the customer.
B) The operating segment reporting sales to the customer.
C) The geographic area of the customer.
D) The specific products or services purchased by the customer.
E) The length of time the customer has been a customer of the company.

Question

Quizplus · Accepted Answer

U.S. GAAP requires that if revenues from a single customer amount to 10% or more of a company's total revenues, the company must disclose the total amount of revenues from each such customer and the identity of the segment or segments reporting the revenues.

What Information Does U