The Statement of Financial Position date (i.e., the year-end date) for Company AB is 31 December 2018. The financial accounts for Company AB were approved on 1 March 2019. On 1 February 2019, a major customer of Company AB, announced that they were bankrupt and could not pay the huge amounts they owed to Firm AB

For Company AB for the financial year-ended 31 December 2018 this event:

Select one:

a. None of these answers

b. Is not an adjusting event

c. Is an adjusting event