B. Examine the information below and discuss how each should be treated in the financial statement of Hilton Ltd according to IAS 10 i. ii. A change in the tax rate for Hilton Ltd was published after the reporting period, (3 marks) which affected the current tax liability. The discovery of a $2 million fraud which had occurred during the financial year (3 marks) iii. The determination of the sales proceeds of an item of plant and machinery before the financial year end. (3 marks) iv. The destroying of inventory by fire valued at $1 million shortly after the financial (3 marks) year end.