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The employees of Kuramba Ltd went on strike for an indefinite period commencing on 5 August 2035. The strike was expected to cause severe financial

The employees of Kuramba Ltd went on strike for an indefinite period commencing on 5 August 2035. The strike was expected to cause severe financial conditions for the company. The financial statements for the year ended 30 June 2035 were expected to be finalised by 7 August 2035.

In accordance with AASB 110 Events after the Reporting Period, the appropriate treatment regarding this event is:

a.

disclosure as a note to the financial statements, as it is a non-adjusting event

b.

to adjust the financial statements, as it is an adjusting event

c.

to adjust the financial statements, as it is a non-adjusting event

d.

disclosure as a note to the financial statements, as it is an adjusting event

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