Which of the Following Post-Balance-Sheet Events Would Generally Require Disclosure

question 52

Multiple Choice

Which of the following post-balance-sheet events would generally require disclosure, but no adjustment of the financial statements?

• A) Retirement of the company president
• B) Settlement of litigation when the event that gave rise to the litigation occurred prior to the balance sheet date.
• C) Employee strikes
• D) Issue of a large amount of capital stock

---

Definitions:

Coercive Patriotism

A form of patriotism enforced through pressure, compulsion, or threats, often by a government or societal group, demanding loyalty or conformity from its citizens.

Committee on Public Information

A government agency created during World War I to influence public opinion and promote support for the war through propaganda.

Debs's Piece

Refers to writings or speeches by Eugene V. Debs, an American socialist, political activist, trade unionist, and five times the candidate of the Socialist Party of America for President of the United States.

Great Migration

The movement of over six million African Americans from the rural Southern United States to urban areas in the North, Midwest, and West from approximately 1916 to 1970, seeking better job opportunities and living conditions.