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Homework answers / question archive / Which of the following is a Type II subsequent event? Bankruptcy of a customer subsequent to year-end, which would be considered when evaluating the adequacy of the allowance for uncollectible accounts

Which of the following is a Type II subsequent event? Bankruptcy of a customer subsequent to year-end, which would be considered when evaluating the adequacy of the allowance for uncollectible accounts

Accounting

Which of the following is a Type II subsequent event?

Bankruptcy of a customer subsequent to year-end, which would be considered when evaluating the adequacy of the allowance for uncollectible accounts.

Loss of plant as a result of fire or flood after year-end.

Deterioration in financial results after year-end, which may indicate doubt about the ability to continue as a going concern.

An amount received related to an insurance claim that was in the course of negotiation at year-end.

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