Which of the following events occurring after the balance sheet date are classified as adjusting events according to AS--4 (Events after balance sheet date) ?
1. The sale of inventories valued at cost at a balance sheet date for a figure in excess of cost.
2. A valuation of land and buildings providing evidence of an impairment in value at the year end. 19.46 Introduction to Accounting Standard
3. Issue of shares and debentures.
4. The insolvency of a customer with balance outstanding at the end.
A. 1 and 3
B. 2 and 4
C. 2 and 3
D. 1 and 4