Question
According to the SEC, any breach of a loan covenant that existed at the balance sheet date that has not subsequently been cured should: be
According to the SEC, any breach of a loan covenant that existed at the balance sheet date that has not subsequently been cured should:
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be recorded as an adjustment to the financial statements.
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be disclosed in the notes to the financial statements.
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be disclosed in the audit report.
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not be disclosed.
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Comparative International Accounting
Authors: Christopher Nobes, R. H. Parker
7th Edition
0273655833, 9780273655831
