ias 10Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FR Exams › ias 10This topic has 1 reply, 2 voices, and was last updated 5 years ago by P2-D2.Viewing 2 posts - 1 through 2 (of 2 total) AuthorPosts July 13, 2018 at 1:01 pm #462071 adarsh1997ParticipantTopics: 637Replies: 282☆☆☆☆1. Evidence of a permanent insinuation in the value of a long-term investment prior to the year end.2. Sale of inventory after the reporting period for less than its carrying at the end.– Could you explain what condition existed at the end of the reporting period that when these above end occur, we need the adjust?Thanks in advance. July 15, 2018 at 8:45 am #462320 P2-D2KeymasterTopics: 4Replies: 6898☆☆☆☆☆Hi,The condition is that the value of inventory was less at the reporting date and the value of the investment too. We just were not aware of it at the reporting date until the additional evidence came to light after the reporting date.ThanksAuthorPostsViewing 2 posts - 1 through 2 (of 2 total)You must be logged in to reply to this topic.Log In Username: Password: Keep me signed in Log In