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| Which of the following material events occurring subsequent to the December 31, year 1 balance sheet would not ordinarily result in an adjustment to the financial statements before they are issued on March 2, year 2? A. Write-off of a receivable from a debtor who had suffered from deteriorating financial condition for the past 6 years. The debtor filed for bankruptcy on January 23, year 2. B. A 3-for-5 reverse stock split consummated on January 23, year 2. C. Settlement of extended litigation on January 23, year 2, in excess of the recorded year-end liability. D. Acquisition of a subsidiary on January 23, year 2. Negotiations had begun in December of year 1. |