Answer
The general guide pursued with respect to the complete disclosure principle is to unveil in the financial statements any facts of adequate significance to impact the judgment of an informed reader. The fact that the measure of outstanding common stock multiplied in January of the subsequent reporting period presumably ought to be unveiled on the grounds that such a circumstance is of significant importance to the stockholders.
Work Step by Step
Even though the occasion happened after December 31, 2007, it ought to be disclosed on the balance sheet as of December 31, 2007.
