Which of the Following Is an Example of a Non-

question 22

Multiple Choice

Which of the following is an example of a non- adjusting events after the reporting date?

• A)a bank's withdrawal of a necessary line of credit to a company that had been facing financial difficulties during the financial year
• B)the discovery of fraud or errors that show that the financial statements are incorrect
• C)a decline in the market value of listed investments after the end of the reporting period
• D)settlement,after the end of the reporting period,of legal action taken against the entity that establishes the exact amount of the claim that was in existence,but uncertain,at reporting date

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Definitions:

Confidence Interval

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter.

Confidence Interval

A range of values, derived from the sample statistics, that is likely to contain the value of an unknown population parameter.

Population Parameter

A numerical value summarizing the whole population, commonly used in statistics, such as the mean or standard deviation.

Confidence Interval

A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, with a specified level of confidence.