Solution-Which subsequent events that require adjustment

Which subsequent events that require adjustment

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Reference no: EM132716951

Problem 1: Subsequent events that require adjustment in the financial statements include:

Option 1: a lawsuit filed during the subsequent period against the company

Option 2: settlement of a multi-year regulatory investigation by paying a fine in an amount different than what is recorded in the financial statements

Option 3: a decline in the fair value of securities held for resale

Option 4: the uninsured loss of inventories as a result of fire

Reference no: EM132716951

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Which subsequent events that require adjustment

Reference no: EM132716951

Reference no: EM132716951

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