With regard to major customers, which of the following items is not true?
A)If it qualifies, the federal government is considered a single major customer.
B)The total amount of the sales to each major customer must be disclosed.
C)The names of the major customers must be disclosed.
D)The identity of the segments making the sales must be disclosed.

Question

With regard to major customers, which of the following items is not true?
A)​If it qualifies, the federal government is considered a single major customer.
B)​The total amount of the sales to each major customer must be disclosed.
C)​The names of the major customers must be disclosed.
D)The identity of the segments making the sales must be disclosed.​

Quizplus · Accepted Answer

The names of the major customers are not required to be disclosed according to financial reporting standards. This is to protect the confidentiality of the business relationships.

With Regard to Major Customers, Which of the Following Items