Which of the following would be a Type II subsequent event?
a. Information becomes available that provides evidence about the valuation of an estimate or reserve that had been accrued at year end.
b. A sale of inventory below carrying value provides evidence that the net realizable value was less than cost at year end.
c. A stock dividend or split that takes place during the subsequent period should be disclosed. In addition, earnings-per-share figures should be adjusted to show the retroactive effect of the stock dividend or split.
d. A material change occurs in the value of investment securities after the balance sheet date.
d
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