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

The amount of revenue from a significant customer must be disclosed in a footnote.

A local, state, or foreign government can be considered a major customer.

For applying the disclosure test, there is no specific threshold $($percent of total revenues$)$ that is defined as "significant".

The identity of the segment reporting the revenue from a significant customer must be disclosed a footnote.