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Which of the following subsequent events (post-statement of financial position events) would require adjustment of the accounts before issuance of the financial statements? a major

Which of the following subsequent events (post-statement of financial position events) would require adjustment of the accounts before issuance of the financial statements?

a

major losses as a result of a fire in the companys plant

b

decline in the fair value of investments

c

loss on an account receivable (on the books at statement of financial position date) resulting from a customers bankruptcy

d

lawsuit arising from a customers injury due to a defective product

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