Which of the following is an adjusting event? – Essaylink

Get your Assignment in a Minimum of 3 hours

Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.

Free Inquiry Order A Paper Now Cost Estimate

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.

find the cost of your paper

The post Which of the following is an adjusting event? appeared first on Best Custom Essay Writing Services | EssayBureau.com.

"Is this question part of your assignment? We Can Help!"

"Our Prices Start at $11.99. As Our First Client, Use Coupon Code GET15 to claim 15% Discount This Month!!"

Get Started