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Which event after end of reporting period would generally

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Reference no: EM132696658

Problem 1: Nonadjusting events include all, except

a. The entity announced the discontinuation of an operation.

b. The entity entered into an agreement to purchase the leased building.

c. Destruction of a major production plant by fire.

d. A mistake in the calculation of allowance for uncollectible accounts receivable.

Problem 2: Which event after the end of reporting period would generally require disclosure?

a. Retirement of key management personnel

b. Settlement of litigation when the event that gave rise to the litigation occurred in a prior period

c. Strike of employees

d. Issue of a large amount of ordinary shares

Reference no: EM132696658

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