A subsequent event involving the issue of bonds payable or share capital requires ________.
A)financial statement disclosure only
B)restatement of prior years' financial statements
C)adjustment to financial statement numbers
D)no disclosure or financial statement adjustment

Question

Quizplus · Accepted Answer

Subsequent events involving the issue of bonds payable or share capital typically require financial statement disclosure only, to inform users of the financial statements about significant events that occurred after the balance sheet date but before the financial statements were issued.

A Subsequent Event Involving the Issue of Bonds Payable or Share