Close Review: Adjust, Reclass, Disclose, or Control

Sort each close finding by the primary response it requires. Adjust Reclass Disclose Control follow-up Customer deposit recorded as revenue before service starts Legal invoice received after close for services already performed Prepaid insurance shown in other current assets instead of prepaids Current portion of debt left in long-term liabilities New debt covenant restricts dividends but balance is correct Founder-owned vendor transaction needs note context Same manual accrual is submitted late for the third month Journal posted without required controller approval

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