The fieldwork for the December 31, 2016, audit of Schmidt Corporation ended on March 17, 2017. The financial statements and auditor's report were issued on March 29, 2017. On February 17, 2017, Schmidt's Corporation sold some machinery for its book value. Indicate the appropriate action: O b. Disclose the information in a footnote in the December 31, 2016, financial statements. O a. Adjust the December 31, 2016, financial statements. c. No action is required. K

The fieldwork for the December 31, 2016, audit of Schmidt Corporation ended on March 17.2017. The financial statements and auditor's report were issued on March 29, 2017. On February 17, 2017. Schmidt's Corporation sold some machinery for its book value. Indicate the appropriate action: b. Disclose the information in a footnote in the December 31,2016 , financial statements. a. Adjust the December 31,2016 , financial statements. c. No action is required