[rainman]

I got it sir, i am appreciated!

[rainman]

Excuse me sir, but in my second question it says that “all” non adjusting events , actually as you saying non adjusting events are disclosed in a note if they are material, so in this question right answer is D, right?

Sir, would you please answer my other question?

Viola has an accounting year-end of 31 January 20X4. Which of the following events, if they occurred before the financial statements were approved, would be classified as adjusting events in accordance with IAS 10 Events after the Reporting Period?
(1) Viola paid an equity dividend of $10,000 on 28 February 20X4. The dividend had been proposed by the directors on 20 January 20X4.
(2) Notification of a compensation claim from a customer was received on 15 February 20X4 which related to a faulty product sold by Viola in January 20X4.
(3) Viola received notification on 5 February 20X4 that a major credit customer was insolvent.
A (1), (2) and (3) are adjusting events
B (2) and (3) are adjusting events
C (1) and (3) are adjusting events
D (2) only is an adjusting event

Viola paid an equity dividend of $10,000 on 28 February 20X4. The dividend had been proposed by the directors on 20 January 20X4.

Is this event adjusting or non adjusting?

[rainman]

Whould you please answer mine second question too?

Which of the following statements about limited liability companies’ accounting is/are correct?
1 A revaluation surplus arises when a non-current asset is sold at a profit.
2 The authorised share capital of a company is the maximum nominal value of shares and loan
notes the company may issue.
3 IAS 10 Events after the reporting period requires all non-adjusting events to be disclosed in the
notes to the financial statements.
A 1 and 2 only
B 2 only
C 3 only
D None of the statements are correct

Why is variant D not the right answer for this question? (PS:at the BPP learning book it says that variant C is answer of the question, but i dont agree with this)

[rainman]

Thanks a lot sir, i got it. Yes I’ve watched free lectures .they’re so helpful for me .I appreciate it .

[rainman]

Hello sir, please help me.

When a company makes a rights issue of equity shares which of the following effects will the issue have?

Why is not correct the answer of “investment are increased “?

[Author]

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