Why is it necessary for a company to disclose subsequent events? What kinds of subsequent events are

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Why is it necessary for a company to disclose subsequent events? What kinds of subsequent events are disclosed by an adjustment to the company’s financial statements and what kinds are disclosed in a note?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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