Adjusting Events After the Reporting Period

question 18

Multiple Choice

Adjusting events after the reporting period:

• A)reveal for the first time a condition that existed at reporting date
• B)provide additional evidence that assists in determining the amount of an item which was uncertain at reporting date
• C)both A and B
• D)involve the creation of new conditions that did not exist at reporting date

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Definitions:

Computer-Controlled

Refers to devices or systems that are operated or regulated by computer software.

Hydromechanically Managed

describes systems or mechanisms that are controlled or regulated through a combination of hydraulic and mechanical means, often for precision and efficiency.

Electronically Managed

Pertains to systems or components controlled or regulated by electronic devices and software, often optimizing performance and efficiency.

Shorepower

Term used to describe the means used to connect a truck/trailer combination to AC mains electrical power to supply hotel load electricity. A shorepower or hotel load grid exists on many U.S. and Canadian interstate routes. It is referred to 110, 230, and 460 V-AC mains feeds.