QUESTION 5 6 points Save Answer Question 5 - Other Disclosure Issues - 6 MARKS Leopard Ltd's financial year ended on 30 June 2020. The following events occurred between the end of the reporting period and the date the directors of Leopard Ltd expect to authorise the financial statements for issue: (1) On 25 July 2020, directors proposed a final dividend of $180,000 which requires approval at the annual general meeting, (i) On 15 July 2020, the financial cost of inventory shipped from overseas is determined. The inventory was received in June 2020 and the cost was estimated for accounting purposes. The revised cost is $80,000 greater than the prior estimate. (III) A customer of Leopard Ltd, is declared insolvent on 16 August 2020 as the customer's uninsured premises were destroyed by a cyclone. The customer owed Leopard Ltd $600,000 as at 30 June (iv) The government announced an increase in tax rates from 30 per cent to 33 per cent for the year commencing 1 July 2020 the deferred tax liability account is $250,000 REQUIRED For each of the above material after-reporting period events, state whether adjustment or disclosure is required in the 30 June 2020 financial statements. Assume the above events would not significantly affect the going-concern assumption for Leopard Ltd. (Note: You are not required to draft any financial statement notes or provide any journal entries for adjustments.) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)