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The Subsequent Event That Is an Example of a Condition

Question 34

Multiple Choice

The subsequent event that is an example of a condition occurring after the reporting date is:


A) realisation of recorded year-end receivables at a different amount than recorded.
B) settlement of recorded year-end estimated product warranty liabilities at a different amount than recorded.
C) determining the proceeds of assets sold before the end of the reporting period
D) purchase of a business.

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