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

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Definitions:

LGBT Youths

LGBT youths are young individuals who identify as lesbian, gay, bisexual, transgender, or are exploring their sexual orientation or gender identity, often facing unique challenges in society.

Bullying

Refers to an ongoing interaction in which a child repeatedly attempts to inflict physical, verbal, or social harm on another child; also known as peer victimization.

Suicide

Death caused by self-directed injuries with the intent to die.

Principal

The most important or leading person in an organization, group, or institution.