Which of the following events between the end of the reporting period and the date the financial statements are authorised for issue must be adjusted in the financial statements?(1) Declaration of equity dividends(2) Decline in market value of investments(3) The announcement of changes in tax rates(4) The announcement of a major restructuring
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4 .The draft financial statements of a limited liability company are under consideration. The accounting treatment of the following material events after the reporting period needs to be determined:(1) The bankruptcy of a major customer, with a substantial debt outstanding at the end of the reporting period(2) A fire destroying some of the company’s inventory (the company’s going concern status is not affected)(3) An issue of shares to finance expansion(4) Sale for less than cost of some inventory held at the end of the reporting periodAccording to IAS 10 Events after the Reporting Period, which of the above events require an adjustment to the figures in the draft financial statements?
A 1 and 4 only B 1, 2 and 3 only C 2 and 3 only D 2 and 4 only
6 .Which of the following events occurring after the year end is classified as a non-adjusting event in accordance with IAS 10 Events after the Reporting Period?
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A 1 and 2 only B 1 and 4 only C 2 and 3 only D 3 and 4 only
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A 1 and 3 B 1 and 4 C 2 and 3 D 2 and 4
