Question
On February 28, 20X2, Bestmart Co. issued its financial statements for the 12/31/2021 year-end. Which items below would not be part of BestMart's subsequent-event disclosure
On February 28, 20X2, Bestmart Co. issued its financial statements for the 12/31/2021 year-end. Which items below would not be part of BestMart's subsequent-event disclosure note? List the numbers.
1. Bestmart settled a lawsuit on January 15, 2022, and expects to receive $10 million in 90 days.
2. Bestmart issued $20 million of bonds on January 30, 2022.
3. Bestmart acquired its prominent rival on January 15, 2022.
4. Bestmart changed its depreciation method on February 1, 2022.
5. Bestmart laid off over 2,000 employees as part of its business restructuring in January 2022.
6. Bestmart sold common stock for $30 million on March 5, 2022.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started