Which of the Following Would Be a Type II Subsequent

Multiple Choice

Which of the following would be a Type II subsequent event?

A) Information becomes available that provides evidence about the valuation of an estimate or reserve that had been accrued at year end.
B) A sale of inventory below carrying value provides evidence that the net realizable value was less than cost at year end.
C) A stock dividend or split that takes place during the subsequent period should be disclosed.In addition,earnings-per- share figures should be adjusted to show the retroactive effect of the stock dividend or split.
D) A material change occurs in the value of investment securities after the balance sheet date.