Question: Does U . S . GAAP require that companies disclose information about the assumptions and estimates they make in their financial statements? Explain. A .

Does U.S. GAAP require that companies disclose information about the assumptions and
estimates they make in their financial statements? Explain.
A. U.S. GAAP requires that companies disclose information only about estimates they
make in their financial statements.
B. U.S. GAAP requires that companies disclose information about assumptions they
make in their financial statements.
C. The FASB specifically requires companies to disclose specific information about all
line items in their financial statements.
D. The FASB does not explicitly require companies a disclose information about the
assumptions and estimates made in the financial statements.
Does U.S. GAAP require that companies disclose information about the assumptions

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