Segment reporting requires disclosure of each customer that accounts for more than 5% of total enterprise revenue.

Question

Quizplus · Accepted Answer

Segment reporting requires disclosure of each reportable segment that meets certain criteria, such as generating at least 10% of the enterprise's total revenue, operating profit or loss, or assets. There is no specific requirement to disclose each customer that accounts for more than 5% of total enterprise revenue.

Segment Reporting Requires Disclosure of Each Customer That Accounts for More