For each of the following items, assume that Ethan Qaiser, independent auditor, is expressing an opinion of Semporna Berhad's financial statements for the year ended 31 December 2020; and he now preparing his opinion to accompany the financial statements. In each item, a subsequent event is described. These events were disclosed either in conducted subsequent to year-end audit procedures or in connection with the review of subsequent events. You are to indicate for each item the required accounting of the event. Each of the five items is independent of the other four and is to be considered separately. a) A large account receivable from Agromuda San Bhd was considered partly collectible at 31 December 2020. Agromuda went out of business on 25 January 2021. The tax court ruled in favour of the company on 25 January 2021. Litigation involved deductions claimed on the 2027 and 2018 tax returns. In accrued taxes payable Semporna had provided for the full amount of the potential disallowances. The tax authorities will not appeal the tax court's ruling. c) On 15 January 2021, Ruhil a major investment adviser issued a negative report on Semporna's long-term prospects. The market price of Semporna's common stock subsequently declined by 40 percent