Which of the Following Situations Would Require Adjustment to or Disclosure

question 63

Multiple Choice

Which of the following situations would require adjustment to or disclosure in the financial statements?

• A) A merger discussion.
• B) The application for a patent on a new production process.
• C) Discussions with a customer that could lead to a 40 percent increase in the client's sales if agreement is successful.
• D) The bankruptcy of a customer who regularly purchased 30 percent of the company's output.

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