Which of the Following Subsequent Events Would Require an Adjustment

question 131

Multiple Choice

Which of the following subsequent events would require an adjustment to the financial statements under IFRS?

• A) The company issues shares shortly after year-end.
• B) An uninsured fire loss occurred early in the subsequent year.
• C) A major customer declares bankruptcy early in the New Year.
• D) The company reaches an agreement early in the new year to refinance certain current liabilities over an additional two-year period.

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