An entity is must disclose the amount of any financial assets that it has pledged as collateral, but is not required to disclose the terms and conditions of the collateral agreement.

Question

Quizplus · Accepted Answer

Entities are required to disclose both the amount of financial assets pledged as collateral and the terms and conditions related to the collateral arrangements, as these details are crucial for understanding the entity's financial commitments and risks.

An Entity Is Must Disclose the Amount of Any Financial