Why is it necessary for a company to disclose subsequent events? What kinds of subsequent events are

Question:

Why is it necessary for a company to disclose subsequent events? What kinds of subsequent events are disclosed by an adjustment to the company’s and what kinds are disclosed in a note?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...