ASC 280 Requires Certain Disclosures About Major Customers

Multiple Choice

ASC 280 requires certain disclosures about major customers.All of the following statements about those disclosures are true with the exception of which statement?

A) The identity of the segment reporting the revenue from a significant customer must be disclosed a footnote.
B) The amount of revenue from a significant customer must be disclosed in a footnote.
C) For applying the disclosure test,there is no specific threshold (percent of total revenues) that is defined as "significant".
D) A local,state,or foreign government can be considered a major customer.