Which of the Following Material After-Reporting-Date Events Is a Non-Adjusting

question 66

Multiple Choice

Which of the following material after-reporting-date events is a non-adjusting event?

• A) major disposal of assets before the reporting date
• B) expropriation of assets by government before the reporting date
• C) issue of preference shares shortly after the reporting date
• D) settlement before authorisation date of the financial report of a lawsuit filed by a customer three years ago

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Definitions:

Johnson's Rule

A scheduling technique that minimizes the total elapsed time required to complete a group of jobs on two machines or in two process stages.

Work Centres

Locations within a manufacturing facility where specific production activities or operations are carried out, often involving particular machines or groups of workers.

Alpha

In finance, the excess return of an investment relative to the return of a benchmark index. In statistics, the probability of a Type I error in hypothesis testing.

Beta

In finance, a measure of the volatility, or systematic risk, of a security or a portfolio in comparison to the market as a whole.