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

question 52

Multiple Choice

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

• A) a major acquisition of capital assets after the reporting date
• B) destruction of inventory by vandals after the reporting date
• C) changes in tax rates or tax laws enacted or announced after the reporting date
• D) destruction of inventory on consignment by vandals before the reporting date

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Definitions:

Industries

Sectors of the economy that include businesses and companies engaging in similar types of productive activities.

Specific Solutions

Tailored responses or strategies designed to address particular problems or needs with precise and relevant measures.

Networking

The act of connecting and building relationships with professionals in one's industry for career development or business opportunities.

Informal Connections

Personal or unofficial relationships that can influence processes and outcomes in professional settings.