Assume that a company has a fiscal year of July 1,2018-June 30,2019.August 15,2019,was the end of the period for gathering information pertaining to the financial statements.The financial statements were authorized for issue on August 24,2019.
What is the cut off point for the "measurement" of transactions and events in this reporting period?
A) July 1,2018.
B) The end of the subsequent events period.
C) August 24,2019.
D) June 30,2019.
Correct Answer:
Verified
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