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A client has a calendar year-end. Listed below are four events that occurred after December 31. Which one of these subsequent events might result in
A client has a calendar year-end. Listed below are four events that occurred after December 31. Which one of these subsequent events might result in adjustment of the December 31 financial statements? o collection of 90% of the accounts receivable existing at December 31 o sale of a major subsidiary adoption of accelerated depreciation methods write-off of a substantial portion of inventory as obsolete
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