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Match each definition or example with the correct type of subsequent event. A flood damages a significant portion of the operating facility after year-end. During
Match each definition or example with the correct type of subsequent event. A flood damages a significant portion of the operating facility after year-end. During the audit, a customer with a large A/R balance at year-end declares bankruptcy. Type 1 Type 2 Additional evidence about conditions that existed at the balance sheet date. A lawsuit that was in progress as of year-end was settled shortly thereafter. Conditions that have come into existence after the balance sheet date
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