D is corrent. For entities with concentrations of credit risk, the following disclosures are required per ASC 825-10-50 as amended.
| • |
Information about shared activity, region, or economic characteristics of the group. |
| • |
Amount of accounting loss that the entity would incur as a result of the concentrated party’s failure to perform according to the terms of the contract. |
| • |
Information regarding entity’s policy of requiring collateral. |
A is incorrect. For entities with concentrations of credit risk, the following disclosures are required per ASC 825-10-50 as amended.
| • |
Information about shared activity, region, or economic characteristics of the group. |
| • |
Amount of accounting loss that the entity would incur as a result of the concentrated party’s failure to perform according to the terms of the contract. |
| • |
Information regarding entity’s policy of requiring collateral. |
B is incorrect. For entities with concentrations of credit risk, the following disclosures are required per ASC 825-10-50 as amended.
| • |
Information about shared activity, region, or economic characteristics of the group. |
| • |
Amount of accounting loss that the entity would incur as a result of the concentrated party’s failure to perform according to the terms of the contract. |
| • |
Information regarding entity’s policy of requiring collateral. |
C is incorrect. For entities with concentrations of credit risk, the following disclosures are required per ASC 825-10-50 as amended.
| • |
Information about shared activity, region, or economic characteristics of the group. |
| • |
Amount of accounting loss that the entity would incur as a result of the concentrated party’s failure to perform according to the terms of the contract. |
| • |
Information regarding entity’s policy of requiring collateral. |
