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Assume that a company has a calendar year of January 1, 2021December 31, 2021. March 15, 2022 was the end of the period for gathering

Assume that a company has a calendar year of January 1,

2021December

31, 2021. March 15, 2022 was the end of the period for gathering information pertaining to the financial statements. The financial statements were authorized for issue on March 24, 2022.

What is the cut off point for the "recognition" of transactions and events in a reporting period?

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