Acca financial Accounting (FA) Study Text ac ca (FA)

Which of the following items are non-adjusting items in accordance 

with IAS 10 Events After the Reporting Period?

 

(a)  the issue of new share or loan capital 

(b)  financial consequences of losses of non-current assets or inventory 

as a result of fires or floods 

(c)  information regarding the value of inventory sold at less than cost 

thus resulting in a reduction in the value of inventory 

(d)  mergers and acquisitions 

(e)  bankruptcy of a credit customer. 

A 

(a), (b) and (d) 

B 

(c) and (e) 

C 

(a), (d) and (e) 

D 

(b), (c) and (e) 

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PRACTICE QUESTIONS 

486

 

KAPLAN PUBLISHING

 

80 

Which of the following correctly describes how research and