Subsequent events are required to be disclosed if they are material and likely to influence investors' appraisal of the risk and return prospects of the reporting entity.

Name: Subsequent events are required to be disclosed if they are material and likely to influence investors' appraisal of the risk and return prospects of the reporting entity.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is a requirement under Generally Accepted Accounting Principles (GAAP) for financial reporting.

Subsequent Events Are Required to Be Disclosed If They Are