Stone Company Reported $100,000,000 of Revenues on Its 20X8 Income

question 53

Multiple Choice

Stone Company reported $100,000,000 of revenues on its 20X8 income statement.During the year ended December 31,20X8,Stone made sales of $8,000,000 to external customers in Western Europe.In addition,Stone made sales of $10,000,000 to the U.S.government and $4,000,000 of sales to various state governments.In the footnotes to its financial statements for 20X8,in reporting enterprisewide disclosures,Stone is required to disclose:

• A) Option A
• B) Option B
• C) Option C
• D) Option D

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Definitions:

Black Laws

Legislation passed in the United States during the 19th century, particularly in the North, that restricted the freedoms and rights of African Americans.

Midwestern States

A group of states in the central and northern portions of the United States known for their agricultural and industrial output.

Black Hawk War

The Black Hawk War was a brief conflict in 1832 between the United States and Native American forces led by Black Hawk, a Sauk leader.

Old Northwest

A historical term referring to the territory in the north-central United States that was covered by the 1787 Northwest Ordinance, including what is now Ohio, Indiana, Illinois, Michigan, Wisconsin, and part of Minnesota.