As of the balance sheet date, your client identified the accounts receivable from its biggest...
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Accounting
As of the balance sheet date, your client identified the accounts receivable from its biggest customer as doubtful to collect due to client difficulties. After year-end, that customer went bankrupt and the receivable had to be fully written off. This would be classified as a:
Group of answer choices
Type I subsequent event
Type II subsequent event
Contingent liability
Type II error
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