When Sales to a Single Customer Amount to 10% or More

question 13

Multiple Choice

When sales to a single customer amount to 10% or more of total revenues, disclosure of which of the following is not required under IFRS 8?

• A) The fact that sales to a single customer exceed 10% of total revenues.
• B) The operating segment reporting the revenues.
• C) The name of the customer.
• D) The total amount of revenue from each such customer.

---

Definitions:

Least-squares Regression

A statistical method used to determine the line of best fit by minimizing the squared differences between observed values and those predicted by a linear function.

Mixed Cost

Expenses that have both fixed and variable components, varying with the level of activity but not in direct proportion.

High-low Method

A technique used in cost accounting to estimate variable and fixed costs based on the highest and lowest levels of activity.

Fixed Manufacturing Cost

Costs that do not change with the level of production, such as rent, salaries, and insurance.