Rachel Has a Business That She Has Franchised to Hundreds

Rachel has a business that she has franchised to hundreds of franchisees over the last twenty years.In seeking additional franchisees,which of the following is true about financial disclosures to potential new franchisees?

A) She must include income statements and balance sheets for each existing franchisee.
B) She must include income statements and balance sheets for each franchisee that has been operating for 3 years or more,and if none,she must use hypothetical examples.
C) She can choose whether to include actual income statements and balance sheets of existing franchisees or use hypothetical examples,but she must do one or the other.
D) She is not required to make any financial disclosures about franchisees,but if she chooses to make such disclosures,she can make them in any way she chooses.
E) She is not required to make any financial disclosures about franchisees,but if she chooses to make such disclosures,she must make certain additional disclosures,with the specific required disclosures depending on whether she provides actual results of existing franchisees or hypothetical examples.