A subsequent event is an event that occurs
A) after the annual report is issued.
B) anytime after the end of the accounting period.
C) between the end of the accounting period and the date the annual report is issued.
D) anytime before the annual report is issued.

Question

Quizplus · Accepted Answer

Subsequent events are those events that occur between the end of the accounting period and the date the annual report is issued. They can affect the financial statements if they provide additional information about conditions that existed at the date of the balance sheet.

A Subsequent Event Is an Event That Occurs