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cyberk cyberk
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5 days ago
Which of the following material events occurring subsequent to the balance sheet date would require an adjustment to the financial statements before they could be issued?

▸ loss of a plant as a result of a flood

▸ sale of long-term debt or capital stock

▸ settlement of litigation in excess of the recorded liability

▸ major purchase of a business that is expected to double the sales volume
Textbook 

Sociology: Compass for a New Social World


Edition: 7th
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starikovsstarikovs
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settlement of litigation in excess of the recorded liability

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