Which of the following subsequent events is least likely to be discovered by reading the latest interim financial statements?
A) a new bond issue authorization
B) a major increase in the writeoff of receivables.
C) a treasury stock purchase made immediately after year-end.
D) the discontinuance of a product line.
E) the payment of a cash dividend.

Question

Quizplus · Accepted Answer

A new bond issue authorization is a decision made by the company's board and may not be reflected in the interim financial statements until the bonds are actually issued.

Which of the Following Subsequent Events Is Least Likely to Be