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What is the difference between a type 1 and type 2 subsequent event and how are they reported differently in the financial statements? Also, be

What is the difference between a type 1 and type 2 subsequent event and how are they reported differently in the financial statements? Also, be prepared to give an example of each.

  1. Financial Statement Date - 12/31

    Audit Report Date - 2/15

    Date Financial Statements are Issued - 3/15

    Subsequent Event Period

    Dual Dating Period

    Subsequent Discover of Facts

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