Does U$.$S$.$ GAAP require that companies disclose information about the assumptions and estimates they make in their financial statements? Explain.

A$.$ The FASB specifically requires companies to disclose specific information about all line items in their financial statements.

B$.$ The FASB does not explicitly require companies a disclose information about the assumptions and estimates made in the financial statements. $q,$

C$.$ U$.$S$.$ GAAP requires that companies disclose information about assumptions they make in their financial statements. $q,$

D$.$ U$.$S$.$ GAAP requires that companies disclose information only about estimates they make in their financial statements.