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What is touching a person without that person's consent called?
Footnote Disclosures
Explanatory notes added to the financial statements to provide more detailed information about certain figures.
Subsequent Events
Events occurring after the balance sheet date but before the financial statements are issued, which could materially affect the financial statements if not accounted for.
Fire or Flood Loss
Refers to the financial impact on a business or individual's assets due to damage caused by fire or floods, often covered by insurance.
Litigation Settlement
The resolution of a legal dispute before the court issues a final verdict, often involving payment to the aggrieved party.
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