Examlex
Hume argued that:
Reportable
Refers to information or events that must be disclosed or reported to regulatory authorities or in financial statements according to legal or regulatory requirements.
U.S. GAAP
The Generally Accepted Accounting Principles in the United States, a set of accounting rules and standards used for financial reporting.
Major Customer
A client who contributes a significant portion of a company's revenue, often crucial to the company's financial health.
Operating Segments
Components of a business for which separate financial information is available and regularly evaluated by the company's decision-makers in deciding how to allocate resources and assess performance.
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