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When Ken Baez Released the Audit Report of Imperial Corp

Question 65

Multiple Choice

When Ken Baez released the audit report of Imperial 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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