Which Statement Defines a Type 1 Subsequent Event

Multiple Choice

Which statement defines a Type 1 subsequent event?

A) An event that provides evidence of conditions that arose after the date of the financial statements
B) An event that provides evidence of unreported earnings that arose after the date of the financial statements.
C) An event that provides evidence of conditions that existed at the date of the financial statements.A Type I event requires an adjustment to the financial statements.
D) An event that provides evidence of conditions that did not exist at the date of the financial statements.A Type I event requires an adjustment to the financial statements.