Grum Corp,A Publicly-Owned Corporation,is Subject to the Requirements for Segment Reporting

Multiple Choice

Grum Corp.,a publicly-owned corporation,is subject to the requirements for segment reporting.In its income statement for the year ended December 31st,Grum reported consolidated revenues of $50,000,000,operating expenses of $47,000,000,and net income of $3,000,000.Operating expenses include payroll costs of $15,000,000.Grum's combined identifiable assets of all industry segments at December 31st,were $40,000,000.In its year-end financial statements,Grum would be most likely to disclose major customer data if sales to any single customer amounted to at least:

A) $1,500,000
B) $300,000
C) $5,000,000
D) $4,000,000