What Is Type I Subsequent Event

question 69

Multiple Choice

What is Type I subsequent event?

• A)An event that provides evidence of conditions that existed at the date of the financial statements.
• B)An event occurring between the date of the financial statements and the date of the auditor's report.
• C)An event that provides evidence of conditions that arose after the date of the financial statements.
• D)An event that does not require an adjustment to the financial statements but may require disclosure in the notes to the financial statements.

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Definitions:

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