The Following Are Material Events That Occurred for Kooga Plc

question 14

Multiple Choice

The following are material events that occurred for Kooga Plc between the reporting date and the date when the financial report is authorised for issue. $$\begin{array} { | l | l | } \hline \text { II } & \text { Acquisition of a major business competitor } \\\hline \text { III } & \text { Discovery of inventory items damaged by floods after the reporting date } \\\hline \text { IV } & \begin{array} { l } \text { Receipt of information after the reporting date indicating that an asset was } \\\text { impaired at reporting date }\end{array} \\\hline \mathrm { V } & \begin{array} { l } \text { Settlement of a court case outstanding for many years that confirms that the } \\\text { entity had a present obligation at the reporting date }\end{array} \\\hline \mathrm { VI } & \text { Major litigation arising solely out of events that occurred after the reporting date } \\\hline\end{array}$$ Which of the following options identify all the non-adjusting events for Kooga Plc,in accordance with IAS 10 Events After the Reporting Period?

• A)I, II, III and VI
• B)I, II and V
• C)II, III and V
• D)III, IV and VI

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Definitions:

Symbolic Interactionists

Sociologists who focus on the symbolic meaning that individuals assign to objects, events, and behaviors in social interactions, shaping society through interpretation.

Primary Labour Market

The sector of the job market that offers high-paying jobs, stable employment, good working conditions, and opportunities for advancement.

Secondary Labour Market

The segment of the labor market characterized by lower pay, less job security, and fewer benefits compared to the primary labor market, often filled with high turnover, part-time, or temporary jobs.

Social Hierarchy

The organization of individuals into various levels based on factors like status, class, or authority, influencing their social interactions and opportunities.