Suppose you have a $10M reserve at 12/31 because of a lawsuit you expect to lose. On 1/15, you win the suit and have no liability.
Is this a type I event, because it is additional information about an existing claim?
Or is it type II, since the condition of the suit was not determinable at 12/31?
I think it's type I, but I just wanted to confirm with the group.
Is this a type I event, because it is additional information about an existing claim?
Or is it type II, since the condition of the suit was not determinable at 12/31?
I think it's type I, but I just wanted to confirm with the group.
Subsequent Events
0 commentaires:
Enregistrer un commentaire