The auditors of Sunbear Berhad are considering the following events that occurred after the balance sheet date for the financial year ended 31 December 2018:

1. An account receivable, which was considered to be collectible at balance sheet date, was put into receivership management by creditors on 13 January 2019.
2. The company was taken to court by the tax authorities for non-payment of taxes in previous years. Based on the advice of the companys tax advisors, an amount equivalent to the amount of taxes underpaid has been accrued in current liabilities in previous year. On 1 February 2019, the court has ruled in favour of the company and the tax authorities has no means to appeal to higher courts.
3. The company sold a major subsidiary company on 15 January 2019 for a consideration that is settled by cash, and the liabilities in the subsidiary company is wholly assumed by the new owner.
4. An analyst report issued a sell recommendation on the shares of the company on 3 February 2019. As a result, the share price of the company fell by 13% on the day the analyst report is made public.
5. On 3 January 2019, the companys board of directors approved the companys proposed acquisition of the entire interest in Global Dynamics Ltd for a total cash consideration of USd1,000,000.

Required:

Assuming that the events described are independent of each other,

1. Describe the accounting treatment for each of the events mentioned; and
2. Provide and explanation for your answer in (a).