Question: Question content area top Part 1 Does U . S . GAAP require that companies disclose information about the assumptions and estimates they make in

Question content area top
Part 1
Does U.S. GAAP require that companies disclose information about the assumptions and estimates they make in their financial statements? Explain.
Question content area bottom
Part 1
A.
U.S. GAAP requires that companies disclose information about assumptions they make in their financial statements.
B.
The FASB specifically requires companies to disclose specific information about all line items in their financial statements.
C.
The FASB does not explicitly require companies a disclose information about the assumptions and estimates made in the financial statements.
D.
U.S. GAAP requires that companies disclose information only about estimates they make in their financial statements.

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