Promotion Ltd's directors voted immediately after the year-end of 30 June 2010 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 2010 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

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The Answer of Promotion Ltd's directors voted immediately after the year-end of 30 June 2010 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 2010 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.

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