In Relation to a Set of 2015 Basic Financial Statements,a

Multiple Choice

In relation to a set of 2015 basic financial statements,a subsequent event is one that

A) occurs before the 2015 financial statements are issued.
B) involves uncertainty as to possible gain or loss that will ultimately be resolved in 2016 or later.
C) occurs after the 2015 financial statements are issued.
D) requires an appropriate adjusting entry to be made as of the end of 2015.