Which one of the following would be classified by WDC as a non-adjusting event according to IAS 10 Events After the Reporting Period? WDC’s year end is 30 September 20X1.

(a) WDC was notified on 5 November 20X1 that one of its customers was insolvent and was unlikely to repay any of its debts. The balance outstanding at 30 September 20X1 was €42,000.

(b) On 30 September, WDC had an outstanding court action against it. WDC had made a provision in its financial statements for the year ended 30 September 20X1 for damages awarded of €22,000. On 29 October 20X1 the court awarded damages of €18,000.

(c) On October 20X1 a serious fire occurred in WDC’s main production centre and severely damaged the production faculty.

(d) The year-end inventory balance included €50,000 of goods from a discontinued product line. On 1 November 20X1 these goods were sold for a net total of €20,000.