The Following Are Material Events That Occurred for Hervey Bay

Multiple Choice

The following are material events that occurred for Hervey Bay Ltd between the reporting date and the date when the financial report is authorised for issue.
$\begin{array}{|l|l|}\hline \text { I }& \text { Acquisition of a major business competitor } \\\hline \text { II } & \text { Discovery of inventory items damaged by floods before the reporting date } \\\hline \text { III } & \begin{array}{l}\text { Receipt of information after the reporting date indicating that an asset was } \\\text { impaired at reporting date }\end{array} \\\hline \mathrm{IV} & \begin{array}{l}\text { Settlement of a court case outstanding for many years that confirms that the } \\\text { entity had a present obligation at the reporting date }\end{array} \\\hline \mathrm{V} & \text { Major litigation arising solely out of events that occurred after the reporting date } \\\hline \text { VI }& \text { Dividends declared before the reporting date but paid after the reporting date }\\\hline\end{array}$
Which of the following options identify all the adjusting events for Hervey Bay Ltd,in accordance with AASB 110 Events After the Reporting Period?

A) I, III and VI
B) II, III and VI
C) III, IV, V and VI
D) IV, V and VI