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MC Question 18
Which TWO of the following events which occur after the reporting date of a company but before the financial statements are authorised for issue are classified as ADJUSTING events in accordance with IAS 10 Events after the Reporting Period ?
| (i) | A change in tax rate announced after the reporting date, but affecting the current tax liability |
|---|---|
| (ii) | The discovery of a fraud which had occurred during the year |
| (iii) | The determination of the sale proceeds of an item of plant sold before the year end |
| (iv) | The destruction of a factory by fire |
A (i) and (ii)
B (i) and (iii)
C (ii) and (iii)
D (iii) and (iv)