The main casualty of Thompson Corporation, a major customer of Robertson, has an effect upon financial statements of Robertson at December 31, 200X. However, the casualty happened following that date; therefore, it would not be appropriate for the auditors to recommend allowance for uncollectible accounts on December 31, 200X. This casualty loss of Thompson should be disclosed as a note to the balance sheet of Robertson on December 31, 200X.

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