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The fiscal year-end for the Northwest Distribution Corporation is December 31. The company's 2013 financial statements were issued on March 15, 2014. The following events occurred between December 31, 2013, and March 15, 2014.
Event 1: On January 22, 2014, the company negotiated a major merger with Blandon Industries. The merger will be completed by the middle of 2014.
In my opinion this is an event that should be disclosed on the financials. This doesn’t seem to be just a possibility. It seems that all of the necessary work has been done, since it will be completed by the middle of 2014. If this event were just something that they were just thinking about, then it definitely would not need to be disclosed. Even though it does not state here, it could very well be a situation that would fall under a related-party transaction.
Event 2: On February 3, 2012, Northwest negotiated a $10 million long-term note with the Credit Bank of Ohio. The amount of the note is material.
This event should include in the Disclosure Notes because it is Long-term debt. $10 million long-term note is should be in the financial statement in 2013. P. 125 under Disclosure Notes.

Event 3: On February 25, 2014, a flood destroyed one of the company's manufacturing plants causing $600,000 of uninsured damage.
This event will be under subsequent event (a significant development that takes place after the company's fiscal year-end but before the financial statements are issued.) disclosure note such as an event that sheds light on the outcome of a loss contingency, or any other event having a material effect on operations. P....

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