Which of the Following Subsequent Events (Post-Statement of Financial Position

question 56

Multiple Choice

Which of the following subsequent events (post-statement of financial position events) would generally require disclosure in the financial statement notes, but NOT adjustment of the accounts?

• A) retirement of the company president
• B) settlement of a lawsuit when the event that gave rise to the action occurred prior to the statement of financial position date
• C) strike by the company's unionized workers
• D) issue of a significant number of common shares

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