Q8: The Statement of Financial Position date (i.e., the year-end date) for Company KL is 31 December 2018. The financial accounts for Company KL were approved on 8 April 2019. On 15 June 2019, a fire caused some damage to Company KLs property:

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

Select one:

a. Is an adjusting event

b. None of these answers

c. Is not an adjusting event

Q9: The Statement of Financial Position date (i.e., the year-end date) for Company CD is 31 December 2018. The financial accounts for Company CD were approved on 1 April 2019. On 15 January 2019, a major customer of Company CD announced that they were appointing a new Chief Executive Officer:

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

Select one:

a. Is an adjusting event

b. None of these answers

c. Is not an adjusting event