Which of the following events between the balance sheet date and the date the financial statements are
authorised for issue must be adjusted in the financial statements?
1    Declaration of equity dividends.
2    Decline in market value of investments.
3   The announcement of changes in tax rates.
4   The announcement of a major restructuring.
A   1 only
B   2 and 4
C   3 only
D   None of them

D