EVENTS OCCURRING AFTER THE END OF THE REPORTING PERIOD The statement of financial position of Waterbuck Ltd as at 30 June 2020 includes an asset ‘Debenture money receivable $500 000’ and a liability ‘Debentures $500 000’. Note 12 to the accounts reveals that the issue of the debentures to a private investor was approved by the board of directors on 28 June 2020 but the debenture issue did not take place until 17 July 2020. Required Comment on the accounting treatment of the debenture issue in accordance with the requirements of AASB 110/IAS 10. CASE STUDY