3.2 Subsequent Events

Issued: 7/26/13

Impact: All US GAAP

Reporting Disclosure

3.2.1 Reporting Numeric Facts in a Subsequent Event

Issue How does a company contextually represent a numeric fact in a subsequent event? Below is an example: In the nine months ended Sept 30, 2010 financial statement filing, a company discloses in the subsequent event footnote, “On October 18, 2010 we purchased ABC Company for $100 million in cash.” In the filings to date, […more]