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Jefferson National has the following subsequent events prior to release of their financial statement. Please identify the action that the company should take (a) adjust
Jefferson National has the following subsequent events prior to release of their financial statement. Please identify the action that the company should take (a) adjust the financial statements (b) disclosed (c) neither _________ Company fires the President. ________ Company settles a lawsuit for $1.5 million above their prior estimate. _______ There is an earthquake damaging its California branch office. ______ The Company settles a tax dispute with the IRS above prior estimate. _______ Four small customers decide to move their business to a competitor. ________ A large customer declares bankruptcy, reducing chances of collection. _______ There is fire damage to the Company data center. ________ The Company signs an agreement for naming rights to a new stadium
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