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MC Question 3
Each of the following events occurred after the reporting date of 31 March 2015, but before the financial statements
were authorised for issue.
Which would be treated as a NON-adjusting event under IAS 10 Events After the Reporting Period?
| A | A public announcement in April 2015 of a formal plan to discontinue an operation which had been approved by |
|---|---|
| B | The settlement of an insurance claim for a loss sustained in December 2014 |
| C | Evidence that $20,000 of goods which were listed as part of the inventory in the statement of financial position |
| D | A sale of goods in April 2015 which had been held in inventory at 31 March 2015. The sale was made at a |