16. Under the new legislation, an enterprise is required to fit smoke filters to its factories by 30 June 2018 . However, the enterprise has not yet fitted the smoke filters at the end of the fiscal year 2018, which is December 31, 2018. The enterprise is probable to be subject to a $100,000 fine according to the legislation. Which of the following statement is NOT true? A. The $100,000 fine is likely to happen. B. The enterprise should record a $100,000 liability at the year end. C. The enterprise should record a $100,000 loss at the year end. D. Instead of recording, the enterprise just needs to disclose it. 17. Which condition needs accountants to prepare a journal entry? A. The retirement of its CFO B. Share split or consolidation C. Repurchase of treasury stock. D. Record date of a cash dividend