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Birong Ltd

Question 32

Multiple Choice

Birong Ltd.issued $200 million preference share issue after reporting date.What is the classification of this subsequent event and what is the accounting treatment prescribed in AASB 110?


A) adjusting event; no disclosure necessary.
B) adjusting event; with appropriate disclosure.
C) non-adjusting event; no disclosure necessary.
D) non-adjusting event; with appropriate disclosure.
E) None of the given answers

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