Which of the following post-balance-sheet events would generally require disclosure, but no adjustment of the financial statements?
A) Retirement of the company president
B) Settlement of litigation when the event that gave rise to the litigation occurred prior to the balance sheet date.
C) Employee strikes
D) Issue of a large amount of capital stock

Question

Quizplus · Accepted Answer

The Answer of Which of the following post-balance-sheet events would generally require disclosure, but no adjustment of the financial statements?
A) Retirement of the company president
B) Settlement of litigation when the event that gave rise to the litigation occurred prior to the balance sheet date.
C) Employee strikes
D) Issue of a large amount of capital stock

Which of the Following Post-Balance-Sheet Events Would Generally Require Disclosure