What is a subsequent event under U$.$S$.$GAAP$?$

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Part $1$

A subsequent event under U$.$S$.$ GAAP is

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event that occurs

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after the date of the fiscal year$-$end, but before the financial statements are issued

after the financial statements are issued

before the date of any reporting period, but after the financial statements are issued

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Examples of common subsequent events are

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a change in accounts receivable, a change in accounts payable, and a significant increase in depreciation

the sale of a business, the issuance of debt or equity securities$,$ and the settlement of litigation

the sale of a business, the settlement of litigation, and a significant change in management

$.$