Question
Subsequent event disclosure note is necessary when an event 1. Has a material effect on the companys financial position 2. Occurs after the fiscal year-end
Subsequent event disclosure note is necessary when an event 1. Has a material effect on the companys financial position 2. Occurs after the fiscal year-end but before the financial statements are issued
a. 1 only
b. 2 only
c. Neither 1 nor 2
d. Both 1 and 2
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
12th Edition
0324381980, 978-0324381986
