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What is the effect of event on the june financial report

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problem 1: Mango Ltd.'s directors voted immediately after the year-end of 30 June 2020 to triple its advertising budget for the coming year and authorised a change in advertising agencies. What is the effect of this event on the 30 June 2020 financial report?

Select one:

Option 1: Disclosure in a footnote to the financial report.
Option 2: Adjustment of the financial report
Option 3: No disclosure or adjustment necessary
Option 4: Disclosure by means of supplemental, pro-forma financial information

Reference no: EM132807426

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