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Which of the Following Subsequent Events (Post-Statement of Financial Position

Question 36

Multiple Choice

Which of the following subsequent events (post-statement of financial position events) would generally require disclosure in the financial statement notes, but NOT adjustment of the accounts?


A) retirement of the company president
B) settlement of a lawsuit when the event that gave rise to the action occurred prior to the statement of financial position date
C) strike by the company's unionized workers
D) issue of a significant number of common shares

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