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Q4: The Statement of Financial Position date (i.e., the year-end date) for Company AB is 31...

Q4: The Statement of Financial Position date (i.e., the year-end date) for Company AB is 31 December 2018. The financial accounts for Company AB were approved on 1 March 2019. On 1 February 2019, a major customer of Company AB, announced that they were bankrupt and could not pay the huge amounts they owed to Firm AB

For Company AB for the financial year-ended 31 December 2018 this event:

Select one:

a. Is not an adjusting event

b. Is an adjusting event

c. None of these answers

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