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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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