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Other Fields Homework Help Accounting Topic started by: urraberry on Aug 1, 2022



Title: Subsequent events affecting the realization of assets ordinarily will require an adjustment of the ...
Post by: urraberry on Aug 1, 2022
Subsequent events affecting the realization of assets ordinarily will require an adjustment of the financial statements under examination because such events typically represent

▸ the culmination of conditions that existed at the balance sheet date.

▸ additional new information related to events that were in existence on the balance sheet date.

▸ final estimates of losses relating to casualties occurring in the subsequent events period.

▸ preliminary estimate of losses relating to new events that occurred subsequent to the balance sheet date.


Title: Subsequent events affecting the realization of assets ordinarily will require an adjustment of the ...
Post by: bigmatic94 on Aug 1, 2022
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