According to the SEC any breach of a loan covenant that existed at the balance sheet date
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Question:
According to the SEC any breach of a loan covenant that existed at the balance sheet date that has not subsequently been cured should
A. be recorded as an adjustment to the financial statements.
B. be disclosed in the notes to the financial statements.
C. be disclosed in the audit report.
D. not be disclosed
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
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