Enterprises must disclose the existence of major customers; the single customer that accounts for 10 percent or more of the enterprise's revenue.

Question

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According to the Financial Accounting Standard Board's (FASB) Accounting Standards Codification (ASC 280), an enterprise must disclose the existence of major customers, including the name of the customer and the percentage of total revenue attributable to that customer if the customer accounts for 10 percent or more of the enterprise's revenue.

Enterprises Must Disclose the Existence of Major Customers; the Single