Remaining Time: 1 hour, 34 minutes, 48 seconds. Question Completion Status: Which of the following is the result of a rights issue of equity shares in a company? O Assets will increase Retained earnings account will increase O Retained earnings account will decrease O Investments account will increase QUESTION 7 IAS 10 Events after the reporting period regulate the extent to which events after the reporting period should be reflected in financial statements. Which one of the following lists of such events consists only of items that, according to IAS 10, should normally be classified as non-adjusting? O Insolvency of an account receivable which was outstanding at the end of the reporting period, issue of shares or loan notes, an acquisition of another company. Sale of inventory which gives evidence about its value at the end of the reporting period, issue of shares or loan notes, destruction of a major non-current asset by fire. An acquisition of another company, destruction of a major non-current asset by fire, discovery of fraud or error which shows that the financial statements were incorrect. O Issue of shares or loan notes, changes in foreign exchange rates, major purchases of non-current assets. QUESTION 8 Jessica's company policy is to maintain a gross profit percentage on sales revenue of 40% and all the sales are in cash term Current month recorded sales revenue is RM181,600 and total cost of sales is RM114,000. Assuming that the cost of sales figure is correct, calculate the amount of cash stolen? O RM10,000 RM8,400 RM5,040 RM22,000 Click Save and Submit to save and submit. Click Save All Answers to save all answers. DELL Save All Answers 2 P