Birong Plc

question 22

Multiple Choice

Birong Plc.issued a £200 million preference share issue after reporting date.What is the classification of this subsequent event and what is the accounting treatment prescribed in IAS 10?

• A)adjusting event; no disclosure necessary
• B)adjusting event; with appropriate disclosure
• C)non-adjusting event; no disclosure necessary
• D)non-adjusting event; with appropriate disclosure

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Definitions:

Lungs

Paired respiratory organs in the chest of vertebrates with structures facilitating gas exchange between blood and the atmosphere, primarily for oxygen uptake and carbon dioxide excretion.

Blood Returning

Refers to the process of blood flowing back to the heart after having circulated through the body's organs and tissues.

Left Atrium

The upper left chamber of the heart that receives oxygen-rich blood from the lungs and pumps it into the left ventricle.

Electrocardiogram

A test that records the electrical activity of the heart over a period of time, used to detect heart abnormalities.