Subsequent events are required to be disclosed if they are material and likely to influence investors' appraisal of the risk and return prospects of the reporting entity.

Question

Karyna Bondarchuk · Accepted Answer

Final Answer : True, Explanation :  This is a requirement under Generally Accepted Accounting Principles (GAAP) for financial reporting.

Subsequent events are required to be disclosed if they are material and likely to influence investors' appraisal of the risk and return prospects of the reporting entity.

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