Thank you so much.

TR4-8 Subsequent Events: Each of the following events occurred after year-end and before the financial statements were issued: Adjusting Nonadjusting 1. Fire destroys warehouse. 2. Lawsuit settled initiated two years ago. 3. Existing customer went bankrupt. 4. New shares were issued. 5. Company initiated restructuring program. Required: Identify whether each event is an adjusting or a nonadjusting subsequent event. connect TR4-9 IFRS Compared to ASPE: 1. ASPE and IFRS both require note disclosure for related party transactions. 2. Future accounting policy changes are required note disclosure in IFRS only. 3. Both ASPE and IFRS require accrual of lawsuits that there is a 70% probability they will lose. 4. Contingent assets are not accrued in both IFRS and ASPE. 5. Both ASPE and IFRS require segmented reporting. Required: Indicate whether each statement is true or false. connect