In the Case of a Non-Adjusting Event,AASB 110 Requires It

Multiple Choice

In the case of a non-adjusting event,AASB 110 requires it to be:

A) reflected in the financial information in the statements if it is material and relates to an item that would normally be reflected in the financial statements.
B) disclosed by way of note if it is material.
C) disclosed as a contingent liability, if an unfavourable material event.
D) reflected in the financial statements, if an unfavourable material event; disclosed by way of note, if a favourable event.