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Which is most likely to be a non-adjusting event

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PROBLEM 1: Which of the following is most likely to be a non-adjusting event?

a. A major customer liquidates its business after the end of the reporting period.

b. The entity announces a major restructuring after the end of the reporting period.

c. The settlement after the reporting period of a court case that confirms that the entity has a present obligation at the end of reporting period.

d. The determination after the reporting period of the cost of asset purchased, or the proceeds from asset sold, before the end of reporting period.

 

Reference no: EM132708835

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