Which of the Following Material After-Reporting-Date Events Is Not Considered

question 62

Multiple Choice

Which of the following material after-reporting-date events is not considered a non-adjusting event?

• A) a major business combination after the reporting date
• B) destruction of a major production plant by fire after reporting date
• C) changes in tax rates or tax laws enacted or announced after the reporting date
• D) bonus payments determined after the reporting date

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Definitions:

Physiological Response

The body's natural reaction to a specific stimulus or condition, such as temperature changes, exercise, or stress.

Therapeutic Effect

The beneficial outcomes or intended effects of a treatment or medication on a patient's condition or symptoms.

Anaphylactic Reaction

An anaphylactic reaction is a severe, life-threatening allergic response that can cause shock, a sudden drop in blood pressure, and difficulty breathing.

Medication Allergy

An adverse reaction involving the immune system that occurs when the body mistakenly identifies a drug as a harmful substance, resulting in symptoms that can range from mild to severe.