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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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