Stone Company Reported $100,000,000 of Revenues on Its 2008 Income

question 22

Multiple Choice

Stone Company reported $100,000,000 of revenues on its 2008 income statement.During the year ended December 31,2008,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 2008,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:

Ancient Erosion Surface

Old landforms shaped by the long-term removal of soil and rock by water, wind, or ice, representing past eras of earth's history.

Paleozoic Sandstone

A sedimentary rock formed during the Paleozoic era, characterized by grains of sand consolidated with some form of cement.

Precambrian Granite

A type of ancient granite rock that formed during the Precambrian era, over 541 million years ago.

Erosion Surface

A land surface shaped and leveled by the long-term action of erosion, removing geological features.