Q1: The Statement of Financial Position date (i.e., the year-end date) for Company EF is 31 December 2018. The financial accounts for Company EF were approved on 5 April 2019. On 15 March 2019, a fire caused some damage to Company EFs property:

For Company EF for the financial year-ended 31 December 2018 this event:

Select one:

a. None of these answers

b. Is an adjusting event

c. Is not an adjusting event