Which One of the Following Subsequent Events Will Least Likely

question 128

Multiple Choice

Which one of the following subsequent events will least likely result in an adjustment to the financial statements?

• A)Material change in the amount of settlement of a lawsuit which had been estimated at year end.
• B)Bankruptcy of a customer who owes your client a material amount on open account at year end for which there is an inadequate allowance estimate.
• C)Sale of a large block of inventory at a price materially below carrying value.
• D)Signing of a letter-of-intent by the client to acquire 55% of another entity for stock.

---

Definitions:

Neurotransmitters

Substances that act as messengers, transmitting information from one nerve cell to another through synapses in the nervous system.

Avoidance Learning

A type of learning in which an organism learns to prevent the occurrence of an unpleasant stimulus by performing a particular behavior.

Sexual Fantasies

Imaginative thoughts or daydreams about sexual activities or experiences, which can vary widely among individuals.

Sexual Abuse

Sexual abuse refers to non-consensual sexual activity or behavior imposed on one individual by another.