Events that occur after the balance sheet date but prior to its issuance are called:
A) Prior events.
B) Post-closing events.
C) Subsequent events.
D) Unaudited events.

Question

Quizplus · Accepted Answer

Subsequent events occur after the balance sheet date but prior to its issuance. These events may provide additional information that is important to the financial statements and may require disclosure or adjustment in the financial statements.

Events That Occur After the Balance Sheet Date but Prior