A Corporation Discovered the Following Information Subsequent to the Year

Multiple Choice

A corporation discovered the following information subsequent to the year 1 balance sheet date, but prior to its issuance: (A) the corporation will be able to sell $20,000 common shares as originally planned.
(B) The president of the corporation had a heart attack five days after the balance sheet date.
(C) a long-time major customer filed for bankruptcy and would not be able to pay the large debt owed to the company.
(D) due to an electrical shortage, the estimated useful life of a large machine was reduced by three years.
How many of the above items must be disclosed in the tabular portion of the year 1 financial statements?

A) One
B) Two
C) Three
D) Four