Which of the Following Material After-Reporting-Date Events Is Not Considered

question 62

Multiple Choice

Which of the following material after-reporting-date events is not considered a non-adjusting event?

• A) a major business combination after the reporting date
• B) destruction of a major production plant by fire after reporting date
• C) changes in tax rates or tax laws enacted or announced after the reporting date
• D) bonus payments determined after the reporting date

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Definitions:

Geographically Concentrated

Refers to businesses, populations, or industries that are heavily localized within a specific area or region.

B₂B Buying

The process by which one business purchases goods or services from another business for use in production, resale, or general business operations.

B₂C Buying

The purchasing process in which businesses sell products or services directly to consumers, typically through retail or online channels.

B₂B Purchasing Process

The sequence of steps a business goes through to purchase goods or services from another business, often involving complex decision-making and multiple stakeholders.