Each of the following events occurred after year-end and before the financial statements were issued:...
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Accounting
Each of the following events occurred after year-end and before the financial statements were issued: Required: Identify whether each event is an adjusting or a nonadjusting subsequent event 1. Fire destroys warehouse 2. Lawsuit settled initiated two years ago 3. Existing customer went bankrupt 4. New shares were issued 5. Company initiated restructuring program
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