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Question - The following events of Pillage Villa Ltd occurred after the end of the reporting period of 30 June 2022.
On 1 July 2022, tenders were called for the provision of courier services to the company. A 2 year contract worth $150 000 was awarded to Joanne Ltd on 23 July 2022.
On 16 July 2022, 150 000 ordinary shares worth $2.50 each were issued by the company following a successful public share offer.
Required - Classify the events occurring after the end of the reporting period as adjusting or non-adjusting. Account for the events in accordance with AASB 110/IAS 10.
Financial Statement Analysis and Preparation
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