Which of the following is an adjusting event?

IAS 10 – Events after the balance sheet date, distinguishes between adjusting and non-adjusting events. Which of the following is an adjusting event?

(A) One month after the year end, a customer lodged a claim for $1,000,000 compensation. The customer claimed to have suffered permanent mental damage as a result of the fright she had when one of the entity’s products malfunctioned and exploded. The outcome of the court case cannot be predicted at this stage.

(B) There was a dispute with the workers and all production ceased one week after the year end.

(C) A fire destroyed all of the entity’s inventory in its finished goods warehouse two weeks after the year end.

(D) Inventory valued at the year end at $20,000 was sold one month later for $15,000.

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Write a program that reads the name of an element from the user and uses a recursive function to find the longest sequence of elements that begins with that value

Some people like to play a game that constructs a sequence of chemical elements where each element in the sequence begins with the last letter of its predecessor. For example,….

What is the correct charge to the income statement for bad debts and bad debt provisions for the years to 31 December 20X1?

Trade receivables as at 31 December 20X1 were $25,000. The bad debt provision as at 1 January 20X1 was $812. During the year to 31 December 20X1 bad debts of….

Use your figures to explain why the directors preferred Package 2.

H needs to acquire a highly specialized piece of machinery costing $1,200,000 and which has an estimated useful life of ten years. They have asked a finance entity to provide….