Reporting Events After Reporting Date Is Concerned With

question 17

Multiple Choice

Reporting events after reporting date is concerned with:

• A) information that becomes available between the date the reports are completed and the date the auditor signs the audit report.
• B) events that occur or information that becomes available after the directors sign the Directors' Declaration and before the reports are printed.
• C) events or transactions that occur or about which information becomes available between reporting date and time of completion.
• D) events or transactions that occur or about which information becomes available between reporting date and reporting period date.

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Definitions:

Disposable Income

The amount of income left to an individual after taxes have been paid, available for spending, saving or investing.

Product Application

Goods or services created to meet a demand, thereby providing a solution to a customer problem.

Market Demand

The total volume of a product or service desired by consumers at a particular price and time.

Customer Demand

Refers to the quantity and type of goods or services that consumers are willing and able to purchase at various prices during a specified time period.