What Information Does SFAS 131 Require to Be Disclosed for a Major

question 79

Multiple Choice

What information does SFAS 131 require to be disclosed for a major customer?

• A)The identity of the customer.
• B)The operating segment reporting sales to the customer.
• C)The geographic area of the customer.
• D)The percentage of sales derived from the customer.
• E)The length of time the customer has been a customer of the company.

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Definitions:

Formal Communication

Structured exchange of information that follows established protocols or rules within an organization.

Informal Networks

The unofficial and interpersonal connections and pathways through which information and influence flow within an organization.

Communication Flows

The direction and manner in which information moves within and between organizations or individuals.

Human Relations Manager

A professional responsible for managing and improving the relationship between employees and the organization.