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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.
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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