19 A company’s financial year ended on 31 December 2014. The financial statements for that period were approved in May 2015.
Which event would be treated as an adjusting event?
A disruption to the company’s operations in March 2015 leading to a loss of profits
B the announcement, during January 2015, of a sale of part of the business
C the receipt in April 2015 of a valuation report indicating at that date that a non-current asset suffered an impairment loss
D the sale in January 2015 of inventory, purchased in 2014, at a loss