Which of the Following Would Be Non-Adjusting Subsequent Event(s)

question 122

Multiple Choice

Which of the following would be non-adjusting subsequent event(s) ?

• A) An insure fire loss shortly after the company's year-end.
• B) Bankruptcy filing by the company's major customer, which accounted for 60% of the company's receivables at the balance sheet date.
• C) The company announces restructuring plans shortly before its year-end.
• D) Sale of goods to Company with good current ratio.

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Definitions:

Platelet Adhesion

The process wherein platelets adhere to damaged blood vessel walls, initiating clot formation.

Coagulation

Process of changing from liquid to solid, especially of blood; formation of a blood clot.

Chemotaxis

The act of an organism or cell moving towards or away from a chemical signal.

Diapedesis

Passage of blood or any of its formed elements through the intact walls of blood vessels.