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27. Which of the following events occurring on January 5 2020 is the most likely to result in adjusting entry to the 2019 financial statements?

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27. Which of the following events occurring on January 5 2020 is the most likely to result in adjusting entry to the 2019 financial statements? a. The company settled a pending lawsuit (filed in January 2020) with a $2 million loss b. The company settled and paid a personal injury claim (filed in December 2019) of a former employee as the result of an accident that had occurred in March 2019. The company had not previously recorded a liability for the claim. C. The company issued $2 million in convertible bonds. d. None of the answers are correct 28. Which of the following events occurring on january 5, 2020 is most likely to result in an adjusting entry to the 2019 financial statements: A. The company settled a pending lawsuit (filed in January 2020) with a $2 million loss B. The company settled and paid a personal injury claim (filed in December 2019) of a former employee as the result of an accident that occurred in March 2019. The company had not previously recorded a liability for the claim C. The company issued $2 million in convertible bonds D. None of the answers are correct

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