Ordinarily, an event indicating a material condition arising after the reporting date requires:
A)disclosure.
B)adjustment.
C)inclusion as an 'except for'.
D)adjustment and disclosure.

Question

Quizplus · Accepted Answer

Events indicating a material condition arising after the reporting date typically require disclosure to inform users of the financial statements about conditions that arose after the reporting period.

Ordinarily, an Event Indicating a Material Condition Arising After the Reporting