Which of the following events that occurred after a client's calendar-year end, but before the audit report date, would require disclosure in the notes to the financial statements, but no adjustment in the financial statements?
A. New convertible bonds are issued to expand the company's product line.
B. A loss is reported on uncollectible accounts of an acknowledged distressed customer.
C. A fixed asset used in operations is sold at a substantial profit.
D. Negotiations have resulted in compensation adjustments for union employees retroactive to the fourth quarter.