Which of the Following Is NOT an Example of an Adjusting

question 22

Multiple Choice

Which of the following is NOT an example of an adjusting event under IAS 10?

• 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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Definitions:

Ophthalmology Unit

A specialized hospital or clinic department focused on the diagnosis and treatment of eye diseases and disorders.

Canadian Nurses Association

A national professional organization representing registered nurses, promoting high standards of care and nursing practice in Canada.

Informed Consent

A process ensuring individuals are fully informed about procedures, risks, benefits, and alternatives before agreeing to participate or receive treatment.

Official Interpreter

A qualified individual authorized to translate spoken or sign language communication between parties, often in legal or governmental settings.