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Discuss accounts before issuance of financial statements

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Reference no: EM131747508

Which of the following subsequent events would require adjustment of the accounts before issuance of the financial statements?

a. Loss of plant as a result of fire

b. Changes in the quoted market prices of securities held as an investment

c. Loss on an uncollectible account receivable resulting from a customer's major flood loss occurring after year-end

d. Loss on a lawsuit, the outcome of which was deemed uncertain at year-end

Reference no: EM131747508

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