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5 1 pts an entity must adjust its financial statement for an event that occurs...

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Accounting

5 1 pts An entity must adjust its financial statement for an event that occurs after the end of the reporting period if: The event occurs before the financial statements have been approved for issuance and provides evidence of conditions that existed at the end of the reporting period. The event occurs before the financial statements have been issued and changes the value of an asset that existed at the end of the reporting period. The event occurs before the financial statements have been audited and changes the value of a liability that existed at the end of the reporting period. The event occurs within 15 days of the end of the reporting period and changes the level of ownership in another entity from a noncontrolling to a controlling interest

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