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Why is required that companies disclose concentration

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Reference no: EM132749889

Problem 1: Why is it required that companies disclose a significant concentration of credit risk in the notes accompanying the financial statements?

Selece one:

a. A risk of loss should be disclosed in the financial statements, even if the risk of loss is remote.
b. The activity in the allowance for doubtful accounts must be disclosed for each period.
c. The disclosure provides an estimate of the net realizable value of receivables.
d. The company could incur a significant loss if the customers that make up the concentration do not perform.

Reference no: EM132749889

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