Adjusting Events After the Reporting Period

question 18

Multiple Choice

Adjusting events after the reporting period:

• A)reveal for the first time a condition that existed at reporting date
• B)provide additional evidence that assists in determining the amount of an item which was uncertain at reporting date
• C)both A and B
• D)involve the creation of new conditions that did not exist at reporting date

---

Definitions:

Gantt Chart

A type of bar chart that illustrates a project schedule and shows the dependency relationships between tasks.

Planned Activities

Structured and scheduled events or tasks designed to achieve certain objectives or provide entertainment or engagement.

Planning and Organization

The process of defining objectives, preparing strategies to achieve those objectives, and organizing resources to execute the strategies.

Group Members

Individuals who are part of a collective or team that works together towards common objectives.