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