Question: ProgressAfter year end, and before the audit report date, the entity issues a significant number of shares. Which of the following is accurate?Othe financial statements

ProgressAfter year end, and before the audit report date, the entity issues a significant number of shares. Which of the following is accurate?Othe financial statements need to be adjusted to reflect the issuancethis is a type

1

subsequent eventOthis creates a contingent liabilitythe share issuance should be disclosed in the financial statements

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