Transactions that take place in the period between the end of the fiscal year and the financials statement released must be disclosed and described when which of the following happens:

Question

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All the given choices are correct instances where transactions taking place between the end of the fiscal year and the financial statement release must be disclosed and described. These transactions may have a significant impact on a company’s financial position and performance, and therefore, it's important to provide investors and stakeholders with relevant and timely information. Choice A relates to a subsequent event that can have a significant impact on the number of common shares used in EPS, such as a stock split or stock dividend. Choice B pertains to the issuance of common shares to retire preferred shares, which may impact the ownership structure and financial leverage of a company. Choice C refers to the issuance of common shares on the exercise of options, which can impact the number and distribution of outstanding shares, and thus affect EPS, dividends, and other financial metrics. Therefore, all these events need to be disclosed and described to ensure transparency and accuracy in financial reporting.

Transactions That Take Place in the Period Between the End