A Subsequent Event for an Entity with a December 31

question 77

Multiple Choice

A subsequent event for an entity with a December 31, 2013, year-end would not include:

• A)A change in the estimated useful lives of equipment in January 2014.
• B)An issuance of bonds in January 2014.
• C)An acquisition of another company in January 2014.
• D)A major uncertainty at December 31, resolved in January 2014.

---

Definitions:

Deflated

A state where an object has been emptied or reduced of air or gas, making it less inflated than before.

Split Rim

A type of wheel construction where the rim is split into two or more parts, allowing for easier tire changes.

Bead

Usually a steel wire coil that forms the anchor for tire plies or the rim attachment for a tire or pneumatic spring.