D is corrent. The requirement is to determine when disclosure of fair values is required. According to ASC 825-10-25, disclosure of the fair values of an entity’s financial instruments is required when it is practicable to estimate the values. The provisions of ASC 825-10-50 also indicate that the statement applies only to material items.
A is incorrect. The requirement is to determine when disclosure of fair values is required. According to ASC 825-10-25, disclosure of the fair values of an entity’s financial instruments is required when it is practicable to estimate the values. The provisions of ASC 825-10-50 also indicate that the statement applies only to material items.
B is incorrect. The requirement is to determine when disclosure of fair values is required. According to ASC 825-10-25, disclosure of the fair values of an entity’s financial instruments is required when it is practicable to estimate the values. The provisions of ASC 825-10-50 also indicate that the statement applies only to material items.
C is incorrect. The requirement is to determine when disclosure of fair values is required. According to ASC 825-10-25, disclosure of the fair values of an entity’s financial instruments is required when it is practicable to estimate the values. The provisions of ASC 825-10-50 also indicate that the statement applies only to material items.
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