Which of the Following Is NOT an Example of an Adjusting

question 10

Multiple Choice

Which of the following is NOT an example of an adjusting event under AASB 110?

• A) the settlement after reporting date but prior to the date that the financial statements are authorised for issue of a court case which had commenced prior to reporting date.
• B) the sale of inventories after reporting date but prior to the date that the financial statements are authorised for issue for an amount below cost.
• C) uninsured damage to a material item of machinery after reporting date but prior to the date that the financial statements are authorised for issue for an amount below cost.
• D) receipt of advice after reporting date but prior to the date that the financial statements are authorised for issue that a material debtor has been placed in liquidation.

---

Definitions:

Disrupts Consumers

Strategies or products that significantly alter consumer habits, expectations, or experiences in a market.

Continuous Innovation

The ongoing development and implementation of new ideas, products, or processes, aiming to sustain and enhance competitive advantage.

Reminder Advertising

Advertising designed to keep the brand name in front of consumers or to remind them to purchase the product again.

Personal Selling

A marketing strategy where sales representatives directly interact with customers to provide information and sell products or services.