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Identify whether the statements below are true or false related to HKAS 10 Events after the Reporting Period: Statement 1: HKAS 10 covers the period

Identify whether the statements below are true or false related to HKAS 10 Events after the Reporting Period:

  • Statement 1: HKAS 10 covers the period from the reporting date to the annual general meeting
  • Statement 2: According to HKAS 10, any non-adjusting events should be disclosed as a note in the financial statements.
1.

Both statements are false.

2.

Statement 1 is false but Statement 2 is true.

3.

None of them.

4.

Statement 1 is true but Statement 2 is false.

5.

Both statements are true.

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