When after the end of the reporting period an event occurs that is indicative of conditions that arose after the end of the reporting period:

Related MCQs

• Events after the end of the reporting period are defined as:
• Liquidation of a major customer after the end of the period end is….
• ….. is a financial reporting period shorter than a full financial year
• In a land lease, if title does not pass at the end of a lease to the lessee, it is normally treated as ‘Finance lease’.
• …………. are the amount of income tax payable in future period for taxable temporary differences.
• ……….is the amount of income taxes payable on the taxable profit for a period, in accordance with rules established by the tax authorities
• Omission or misstatement in entity’s financial statement for one or more prior period is called
• …………….is the residual interest in the asset of an entity after deducting all liabilities
• An entity must measure its Property, Plant and Equipment after initial recognition at,
• ……………..are employee benefits that are payable after the completion of employment