Question: Match each definition or example with the correct type of subsequent event. Type 1 Type 2 Reset Additional evidence about conditions that existed at the

Match each definition or example with the correct type of subsequent event.
Type 1
Type 2
Reset
Additional evidence about conditions that existed at the balance sheet date.
Additional evidence about conditions that existed at the balance sheet date.
Additional
evidence
about
conditions
that
existed
at
the
balance
sheet
During the audit, a customer with a large A/R balance at year-end declares bankruptcy.
During the audit, a customer with a large A/R balance at year-end declares bankruptcy.
During
the
audit,
a
customer
with
a
large
A/R
balance
at
year-end
declares
Conditions that have come into existence after the balance sheet date.
Conditions that have come into existence after the balance sheet date.
Conditions
that
have
come
into
existence
after
the
balance
sheet
A lawsuit that was in progress as of year-end was settled shortly thereafter.
A lawsuit that was in progress as of year-end was settled shortly thereafter.
A
lawsuit
that
was
in
progress
as
of
year-end
was
settled
shortly
A flood damages a significant portion of the operating facility after year-end.
A flood damages a significant portion of the operating facility after year-end.

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