Poseidon Corp is aware that a large portion of receivables may become uncollectible because the customer is in talks for bankruptcy. By choosing not to disclose this information, the information provided in the statements ________
A) is not verifiable
B) does not faithfully represent the firm's financial position
C) both A & B
D) neither A nor B
Answer: B
Business
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At any point in time, a business has an existing pool of current and prospective customers who make up current market demand and a potential pool of prospective customers who provide the opportunity to grow market demand
Indicate whether the statement is true or false
Business