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Financial Statement Disclosure Common Issues
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The Garden Foundation plans to disclose concentrations of credit risk in its financial statements. How must that information be disclosed?
A No disclosure is required in the financial statements for a concentration of credit risk.
B The organization can make the disclosure in the way that is most efficient and effective for The
C The organization is prohibited from disclosing all concentrations of credit risks in a single
D Disclosures should always be based on the financial statement amount rather than the bank statement balances.
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