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Part I The 30 June 2020 financial statements of Bryan Ltd have been prepared in...

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Part I The 30 June 2020 financial statements of Bryan Ltd have been prepared in draft form. The accounts have not yet been printed and sent to shareholders. Subsequent to the reporting date of 30 June 2020, the following events occur: (a) On 27 July 2020, the company's warehouse is destroyed by flooding. The total value of the warehouse which was uninsured was $500,000. (b) On 23 August 2020, the company entered into a contract to purchase 15 percent of the issued capital of Baw Ltd. Required: Discuss the appropriate accounting treatments for the above events in accordance with IAS 10 / AASB 110 Events after the Reporting Period. All the transactions above are material

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