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Understanding Adjusting Events in Accounting: Insurance Claims and Balance Sheet Implications
11.Which of the followings is/are adjusting events? A. An amount received in respect of an insurance claims that was in the course of negotiation at the balance sheet date B.The bankruptcy of a customer subsequent to period end related to an insolvency situation already existent at period-end C.A court decision against the company regarding patent infringement D.All of the above

A. An amount received in respect of an insurance claim that was in the course of negotiation at the balance sheet date.