Which of the Following Is NOT an Example of an Adjusting

question 8

Multiple Choice

Which of the following is NOT an example of an adjusting event under IAS 10 Events after the Reporting Period?

• 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.

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