All of the following are examples of subsequent events that would be disclosed in the footnotes to the financial statements except
A) fire or flood loss
B) a litigation settlement
C) a bond issuance after the balance sheet date
D) the write off of an uncollectible account

Question

Quizplus · Accepted Answer

The write off of an uncollectible account is typically considered an adjusting event that provides additional evidence about conditions that existed at the balance sheet date, rather than a non-adjusting subsequent event that would be disclosed in the footnotes.

All of the Following Are Examples of Subsequent Events That