an $2(4$ marks$)$

the renence of $$20,000.$

treatment. Sperifing independent events, describe the appropriate accounting statements and$/$orically state whether the event should be reported in the financial

a$)$ A company's year end is December $31,2022.$ On February $1,2023,$ a company issued new common shares for cash. The new issue increased the total number of shares outstanding by $17\%.$

Yes, this cuent should be reparted $x_{in}$ the financial statements because company issued its hares which nereans they recieve cand. So$,$ it should be mentioned in the financial sccounts of company. X

b$)$ A company's year end is December $31,2022.$ On January $14,2023,$ the company received a $$60,000$ income tax reassessment for $2021.$