Current GAAP requires a company to disclose the fair value of its financial instruments and to disclose
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Question:
Current GAAP requires a company to disclose the fair value of its financial instruments and to disclose all significant concentrations of credit risk due to its financial instruments. The FASB's rationale for this disclosure includes allowing readers to
A. better identify major customers
B. compute each company's risk
C. better determine a company's financial flexibility
D. compute liquidity ratios
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