Paragraph 15B Provides a Non-Exhaustive List of Events and Transactions

question 15

Multiple Choice

Paragraph 15B provides a non-exhaustive list of events and transactions for which disclosures would be required for which of the following:

• A) detailed notes to the financial statements
• B) the reversal of any provisions for the costs of restructuring
• C) pending litigation
• D) corrections of year-end errors

---

Definitions:

Misfortune

The occurrence of an unfortunate or adverse event.

Tradeoff

A situation that involves losing one quality, aspect, or amount of something in return for gaining another quality, aspect, or amount.

Self-regulation

The ability to monitor and control one's own behavior, emotions, or thoughts, adapting to circumstances and achieving personal or professional goals.

Self-control

The capacity to regulate one's thoughts, emotions, and behaviors in the face of temptations and impulses.