Completion and Review Flashcards by Jennifer Holden | Brainscape

Q

If there is a fire at the companies premises that damages the stock after the year end, is this an adjusting or non-adjusting event?

A

Non-adjusting event

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Q

Does a trade receivable that becomes an irrecoverable debt after the year class as an adjusting or non-adjusting event?

A

Adjusting

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Q

If there is legal action against the company after the year end from an injury occured at the companies premises, is this an adjusting or non-adjusting event?

A

Non-adjusting event

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