Which of the following subsequent events (post-balance sheet events) would require adjustment of the...
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Accounting
Which of the following subsequent events (post-balance sheet events) would require adjustment of the accounts before issuance of the financial statements?
a) Loss of plant as a result of fire.
b) Loss on an uncollectible account receivable resulting from a customer's major flood loss.
c) Changes in the quoted market prices of securities held as an investment.
d) Loss on a lawsuit, the outcome of which was deemed uncertain at year end.
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