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1 8 6 For each of the following subsequent events, determine what the company should do 1 8 7 select from drop down list 1
For each of the following subsequent events, determine what the company should do
select from drop down list
Settlement of a tax case at a cost higher than expected at year ens
Introduction of a new product line
Sale of majority of company's assets
Winning a lawsuit against a supplier and receiving settlement
Loss of an assembly line due to natural calamity
Retirement of the company president
Prolonged employee strike
Issuance of a significant number of common shares
Merger with another company
Loss of a big customer
give answer in
adjust the financial statement
disclose the event in notes
neither of both
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