Which of the Following Subsequent Events Is Least Likely to Be

question 80

Multiple Choice

Which of the following subsequent events is least likely to be discovered by reading the latest interim financial statements?

• A) a new bond issue authorization
• B) a major increase in the writeoff of receivables.
• C) a treasury stock purchase made immediately after year-end.
• D) the discontinuance of a product line.
• E) the payment of a cash dividend.

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Definitions:

Effort and Output

The relationship between the level of effort applied by workers and the quantity of output produced as a result.

Low Effort

Low effort refers to minimal or inadequate application of energies or resources towards achieving a task or goal, often resulting in suboptimal performance.

Fire Protection Program

A comprehensive set of practices and systems designed to minimize the impact of fires, including prevention, containment, and emergency response.

Insurer

An entity that provides insurance, offering financial protection and compensation for specified losses, damages, illness, or death in exchange for payment of premiums.