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QUESTION 4 EVENTS AFTER REPORTING PERIOD 20 MARKS Use the information provided below to classify the following into adjusting or non-adjusting events. a. Settlement of
QUESTION 4 EVENTS AFTER REPORTING PERIOD 20 MARKS Use the information provided below to classify the following into adjusting or non-adjusting events. a. Settlement of outstanding court case. b. Bankruptcy of a customer. c. Sale of inventory below cost. d. Determination of purchase/sale price of PPE. e. Discovery of errors or fraud. f. Confirmation of profit-sharing bonuses payable. Neu g. Fall in value of investments. Nou h. Major purchase of assets. i. Announcing a discounted operation. Nom j. Announcing a restructuring. Noh k. There is a decline in market value of investments between the reporting period and the date when the financial statements are authorized. Nou I. Destruction of a part of the business by fire after the reporting period. Non \\( \\mathrm{m} \\). Changes in tax rates or tax laws enacted or announced after the reporting period. Non \\( n \\). Major issues of shares and debenture. o. A large business combination or the sale of subsidiary after reporting period
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