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123lol456 123lol456
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2 years ago
Which of the following subsequent events is most likely to result in an adjustment to a company's financial statements?

▸ merger or acquisition activities

▸ bankruptcy (due to deteriorating financial condition) of a customer with an outstanding accounts receivable balance

▸ issuance of common stock

▸ an uninsured loss of inventories due to a fire
Textbook 
Auditing and Assurance Services

Auditing and Assurance Services


Edition: 17th
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ixi12ixi12
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