Question:
What is an example of a non-adjusting event?
Author: Christy B.Answer:
Announcing a plan to discontinue an operation.
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Alternative answers:
Major purchases of assets
The destruction of assets after the reporting date by fire ect. (unless it causes the entity to be unable to continue as a going-concern).
Entering into significant commitments or liabilities.
Commencing a court case arising out of events after the reporting date.
Author
Christy B.