Which of the Following Material After-Reporting-Date Events Is a Non-Adjusting

question 66

Multiple Choice

Which of the following material after-reporting-date events is a non-adjusting event?

• A) major disposal of assets before the reporting date
• B) expropriation of assets by government before the reporting date
• C) issue of preference shares shortly after the reporting date
• D) settlement before authorisation date of the financial report of a lawsuit filed by a customer three years ago

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Definitions:

Proposal

A proposal is a formal request or plan put forward for consideration or discussion by another party or group.

Sales Proposals

Documents designed to offer solutions or goods to potential buyers in a persuasive manner to initiate sales.

Business Plans

Detailed documents outlining the strategy, objectives, market analysis, and financial forecasts for a business.

Grant Proposals

Written documents submitted to organizations or agencies requesting funding for projects or research.