Which of the Following Would Be a Type II Subsequent

question 90

Multiple Choice

Which of the following would be a Type II subsequent event?

• A)Information becomes available that provides evidence about the valuation of an estimate or reserve that had been accrued at year end.
• B)A sale of inventory below carrying value provides evidence that the net realizable value was less than cost at year end.
• C)A stock dividend or split that takes place during the subsequent period should be disclosed.In addition,earnings-per- share figures should be adjusted to show the retroactive effect of the stock dividend or split.
• D)A material change occurs in the value of investment securities after the balance sheet date.

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Definitions:

Interpersonal Relations

The interactions and relationships between individuals or groups, including communication and emotional connections.

Motivation

The internal drive or external stimulus that prompts an individual to act or behave in a certain way, aiming towards specific goals or outcomes.

Hope

A feeling of expectation and desire for a certain thing to happen, often associated with optimism.

Nursing Tasks

Specific duties assigned to nurses, including patient care, medication administration, and collaboration with other healthcare professionals.