A subsequent event for an entity with a December 31, 2006, year-end would not include:
A. A change in the estimated useful lives of equipment in January 2007.
B. An issuance of bonds in January 2007.
C. An acquisition of another company in January 2007.
D. A major uncertainty at December 31, resolved in January 2007.
Answer:A
A subsequent event for an entity with a December 31, 2006, year-end would not include:
A. A change in the estimated useful lives of equipment in January 2007. B. An issuance of bonds in January 2007. C. An acquisition of another company in January 2007. D. A major uncertainty at December 31, resolved in January 2007.