19) As a result of reduced sales, 2 weeks after to the balance sheet date production was curtailed and some workers were laid off. If 2022 is the period under audit, the review of this subsequent event should result in the following: 5 Points O An adjusting entry as of 2022 O Consideration of disclosure as of 2022 No action is required 20) Amortization relates to 5 Points Understated Intangible Inventory assets like depreciation relates to property and equipment