Which of the following is a subsequent event:
A) Sale of a bond or capital stock issues.
B) Purchase of a business.
C) Loss of inventories due to flooding.
D) All of the above.

Question

Quizplus · Accepted Answer

Subsequent events are significant events that occur between the balance sheet date and the date when the financial statements are issued or available to be issued. These can include the sale of bonds or capital stock, the purchase of a business, or a significant loss of inventories due to an unforeseen event like flooding.

Which of the Following Is a Subsequent Event