Exercise 19. Your client has asked you about subsequent events related to their financial statement. They want to know the date through which such events should be recognized. The client is a private company. Using the ASC, answer the CFO's question. Cite the appropriate support for your conclusion. Would your answer be the same if it were a publicly traded company? Exercise 20. Your client has an impairment loss on property and has asked you how this should be presented in the income statement. Using the ASC, answer your client's question. Cite the appropriate support for your conclusion