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Homework answers / question archive / All of the following are examples of subsequent events that would only be disclosed in the footnotes to the financial statements except a bond issuance after the balance sheet date O fire or flood loss O the acquisition of another business the inability to collect a major customer's accounts receivable because the customer is bankrupt Question 11 2 pts To be recognized in the financial statements, an item must meet the definition of an element and be realized, relevant, and reliable measurable, understandable, and relevant reliable, measurable, and realized measurable, relevant, and faithfully represented
All of the following are examples of subsequent events that would only be disclosed in the footnotes to the financial statements except a bond issuance after the balance sheet date O fire or flood loss O the acquisition of another business the inability to collect a major customer's accounts receivable because the customer is bankrupt Question 11 2 pts To be recognized in the financial statements, an item must meet the definition of an element and be realized, relevant, and reliable measurable, understandable, and relevant reliable, measurable, and realized measurable, relevant, and faithfully represented
question 10.
a. a bond issuance after the balance sheet date.
The above event is not disclosed as a foot note to the financial statements, it will be presented in the financial statements.
the following events are disclosed in footnotes to the financial statements.
Fire or flood loss
The acquisition of another business.
The inability to collect a major customer's accounts receivable because the customer is bankrupt.
question 11.
a.realized, relevant and reliable.
To be recognised in the financial statements, an item must meet the definition of element and be
Realized; It is probable that the economic benefits will be realized
Relevant ; the items are relevant
Reliable; the amount involved can be measured reliably.
