If a material non-adjusting event occurs after the reporting date but before the financial statements are approved, which information should be disclosed in the financial statements?
(1 Mark)

Question

If a material non-adjusting event occurs after the reporting date but before the financial statements are approved, which information should be disclosed in the financial statements? 
 (1 Mark)

Accepted Answer

The nature of the event and an estimate of the financial effect

Answer

The nature of the event only

Answer

An estimate of the financial effect only

Answer

No disclosure is required.

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If a material non-adjusting event occurs after the reporting date but before the...

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