Which of the following subsequent events (post-balance-sheet events) would require adjustment of the accounts before issuance of
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Which of the following subsequent events (post-balance-sheet events) would require adjustment of the accounts before issuance of the financial statements?
a. Loss of plant as a result of fire
b. Changes in the quoted market prices of securities held as an investment
c. Loss on an uncollectible account receivable resulting from a customer's major flood loss
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Somshukla Chakraborty
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Auditing and Assurance Services A Systematic Approach
ISBN: 978-1259162343
9th edition
Authors: William Messier, Steven Glover, Douglas Prawitt
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