In January 2020, "Lever Arch Ltd" doubled the amount of its outstanding shares by selling on the market an additional 10,000 shares to finance an expansion of the business. You propose that this information be shown by a note on the statement of financial position as at December 31, 2019. The Chief Executive Officer objects, claiming that this sale took place after December 31, 2019 and therefore should not be shown. Explain your position by making reference to the Conceptual Framework for financial reporting