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.

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Definitions:

Production Possibilities Curve

A graphical representation showing the maximum combination of goods or services that can be produced in a given period with available resources.

Resources Efficiency

The optimal use and management of resources to maximize their potential and minimize waste or inefficiency, aiming for sustainable and effective utilization.

Production Possibilities

Refers to the various combinations of goods and services an economy can produce, given its available resources and technology.

Capital Goods

Durable goods that are used in the production of other goods or services, such as machinery and equipment.