Q10 Disclosure 6 Points Q10.1 3 Points Explain why a parent and its subsidiaries entities are regarded as related parties. Enter your answer here Q10.2 3 Points Affleck Ltd has provided the following information regarding an event that occurred between the end of the reporting period and the date its accounts were authorized for issue. On 22 August 2019. Affleck Ltd received notification that one of its major customers had gone into liquidation. It is expected that Affleck Ltd would only be able to recover 25c for every dollar owed of the $120,000 debt. The liquidation was caused by a fire which destroyed the customer's factory and equipment. The fire occurred on 28 June 2019. The customer had also forgotten to renew its insurance policy and thus damages were not covered by insurance. Assume the amount was material. Required: Applying AASB110: Events after the Reporting Period, state whether the event would be an adjusting or non-adjusting event after the reporting period in the financial statements of Affleck Ltd at 30 June 2019. Provide an explanation and the dollar impact (if any) of this event