Is a company required to disclose related party transactions?
Yes, absolutely. If a company has a related party transaction, then the company is required to disclose the nature of the relationship in the financial statements. Other additional disclosures that are required include concentration of credit risk and contingencies.
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What can financial statements tell readers?
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What must be included in a full set of financial statements under US GAAP?
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What must be included in a full set of financial statements under US GAAP?
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