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An Example of a Type I Subsequent Event Would Be

Question 53

Multiple Choice

An example of a Type I subsequent event would be _______.


A) a sudden change in senior management after the financial statement date
B) a filing with the Securities and Exchange Commission (SEC) of an amended form 10K after the financial statement date
C) the bankruptcy of a client's customer after year-end as a result of poor financial condition that existed as of the balance sheet date
D) the bankruptcy of a client's customer after year-end as a result of poor financial condition that existed after the balance sheet date

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