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Please help me with the below issue:
In some problems, notes to the Financial statements does not clearly state whether or not the event described in the note has been accounted for in the given financial statements. They merely provide some piece of information and I get confused whether I have to make relevant adjustment or to leave it.
If the question is silent about that, does it mean that they have not accounted for it?
You’ll have to give me an example where you believe that there is insufficient information ….. because, quite frankly, I can’t believe it!