Question

Which event would be treated as an adjusting event after reporting period under Ind AS 10?

Adjusting events provide evidence of conditions existing at reporting date and require adjustment.

A Change in tax law enacted after reporting date (non-adjusting unless it provides evidence of conditions existing at reporting date)

B Receipt of information after reporting date about conditions that existed at reporting date (e.g., settlement of litigation) — adjusting

C Declaration of dividends after reporting date — non-adjusting (but disclose)

D Major business combination after reporting date — non-adjusting

E All of C and D only

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