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:

Intensity

The degree of strength, force, or concentration with which a particular attribute, emotion, or physical phenomenon is experienced or presented.

Conscientiousness

A personality trait characterized by organization, dependability, and a strong sense of duty.

Sensitive

describes a state or condition that requires careful handling due to potential for adverse reactions or outcomes.

MARS Model

A framework that identifies four factors—Motivation, Ability, Role Perceptions, and Situational Factors—that combined influence employee performance and behavior.