If an Event or Transaction That Occurs After Reporting Date

Multiple Choice

If an event or transaction that occurs after reporting date does not relate to conditions that existed at reporting date then:

A) No action should be taken to report the event or transaction in the financial reports.
B) The statement of financial position should not be adjusted but effects on the statement of comprehensive income should be reflected in that statement.
C) The event or transaction should be disclosed in the notes to the accounts as a post-reporting date event and the financial statements adjusted appropriately.
D) The event or transaction should be disclosed in the notes to the accounts if it is material.