Should company B recognise a liability for damages in its financial statements at 30 June 2013 How should it deal with the information it receives two weeks after the financial statements are published ...

At 30 June 2013 Present obligation as a result of a past obligating event On the basis of the eviden ...

Should company B recognise a liability for damages in its financial statements at 30 June 2013? How

Question:

Should company B recognise a liability for damages in its at 30 June 2013? How should it deal with the information it receives two weeks after the are published?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...