AASB 110 Refers to Subsequent Events That Relate to New

question 47

Multiple Choice

AASB 110 refers to subsequent events that relate to new matters that have arisen after balance date.Which of the following occurrences after balance date is not an example of a new event?

• A)substantial borrowings or share issues
• B)specific information on the size of a bad debt that had previously been considered doubtful
• C)a major fire or flood loss
• D)becoming a party to a legal action

---

Definitions:

Ligament

Fibrous tissue that connects bone to bone.

Connective Tissue

Tissue that supports, binds together, or separates other tissues or organs in the body.

Bones Together

Refers generally to joints, the physical points of connection between two or more bones in the body, allowing for movement and support.

Type Of Fracture

A classification that describes the nature and characteristics of a broken bone, such as its location, alignment, and extent of damage.