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When Eddie Okulicz Released the Audit Report of C Corp

Question 4

Multiple Choice

When Eddie Okulicz released the audit report of C Corp. he did not anticipate that there would follow an announcement two days later that several days after year-end his client's foreign subsidiary had been nationalized by Libya for non-compliance to environmental laws of the country. What type of subsequent event was this?


A) Type 1
B) Type 2
C) Type 1 and 2
D) this was not a subsequent event

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