Orange Ltd's directors voted immediately after the year-end of 30 June 20X0 to double its advertising budget for the coming year and authorised a change in advertising agencies.What is the effect of this event on the 30 June 20X0 financial report?
A)Disclosure by means of supplemental, pro-forma financial information.
B)Adjustment of the financial report.
C)Disclosure in a footnote to the financial report.
D)No disclosure or adjustment necessary.

Question

Quizplus · Accepted Answer

The Answer of Orange Ltd's directors voted immediately after the year-end of 30 June 20X0 to double its advertising budget for the coming year and authorised a change in advertising agencies.What is the effect of this event on the 30 June 20X0 financial report?
A)Disclosure by means of supplemental, pro-forma financial information.
B)Adjustment of the financial report.
C)Disclosure in a footnote to the financial report.
D)No disclosure or adjustment necessary.

Orange Ltd's Directors Voted Immediately After the Year-End of 30