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Which of the preceding subsequent events would create a situation where the entity is required to adjust its December 31 financial statements? O The sale
Which of the preceding subsequent events would create a situation where the entity is required to adjust its December 31 financial statements? O The sale of new stock in the amount of $500,000 on January 29 O A settlement of a personal injury lawsuit that occurred on February 16 for $10,000 O A settlement of a lawsuit in February for $100,000 that was estimated at $20,000 in the December 31 financial statements O Damage due to a Storm for $1 million at the company facility on March 2
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