Which of the following subsequent events is least likely to be discovered by reading the minutes of meetings?
A) a new bond issue authorization
B) the payment of a cash dividend.
C) a treasury stock purchase.
D) the discontinuance of a product line.
E) a major increase in the writeoff of receivables.

Question

Quizplus · Accepted Answer

The major increase in the write-off of receivables is an operational decision that is less likely to be discussed in board meetings compared to strategic decisions like bond issues, dividends, stock purchases, or product line discontinuations.

Which of the Following Subsequent Events Is Least Likely to Be