Birong Ltd

question 36

Multiple Choice

Birong Ltd.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 AASB 110?

• 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