Tricor Sdn Bhd (Tricor) engages in the manufacturing and trade of computer accessories and devices. Dickson, a new financial controller of Tricor identified the following events that took place after its year-end of 31 December 2019. The financial statements were authorised for issue on 12 March 2020. (1) On 20 December 2019, Tricor was sued by a customer for RM500,000 damages. The customer claimed that there were defects found in the computer manufactured by Tricor. These products were delivered to the customer in October 2019. As at 31 December 2019, Tricor recognised a provision of RM500,000 for the court case. On 8 January 2020, the judge ruled in favour of the customer, awarding it damages of RM250,000. (2) Tricor has a foreign investment worth RM1,000,000 in its financial statements at 31 December 2019. Due to the COVID-19 outbreak in Wuhan, the investment reduced in value to RM700,000 by 15 February 2020.

(3) On 3 January 2020, the senior financial controller left Tricor suddenly. On further investigation, the company realised that this employee had been transferring money from Tricors bank account to her bank account in London in relation to false invoices. The amount of the misappropriation of funds as at 31 December 2019 was RM1,500,000. The senior financial controller was tracked down and repaid all of the money on 8 March 2020. (4) 3 February 2020, Tricor sold some inventories for RM300,000. Tricor had included these inventories in the year-end inventory count at the cost of RM600,000. (5) Tricor paid a refundable deposit of RM50,000 on 31 December 2019 to book a new shop lot. Tricor signed the sale and purchase agreement on 15 January 2020 and obtained a long term loan of RM450,000 to purchase the new shop lot. Required: Discuss the accounting treatment for the above events by reference to the relevant accounting standards. (15 marks)