(a)[14]
Prepare an updated statement of financial position at 31 December 2021.
(b)[7]
Explain the appropriate accounting treatment for the claim and the legal cost in item 3, with reference to the relevant international accounting standard (IAS).
(c(i))[2]
State what is meant by events occurring after the reporting period.
(c(ii))[1]
State the meaning of adjusting events.
(c(iii))[1]
State the meaning of non-adjusting events.