Which of the following statements are correct, according to IAS 10 Events after the balance sheet date?
1 Details of all adjusting events must be disclosed by note to the financial statements.
2 A material loss arising from the sale, after the balance sheet date, of inventory valued at cost at the balance sheet
date must be reflected in the financial statements.
3 If the market value of investments falls materially after the balance sheet date, the details must be disclosed by
note.
4 Events after the balance sheet date are those that occur between the balance sheet date and the date when the
financial statements are authorised for issue.
A   1 and 2 only
B   1, 3 and 4
C   2 and 3 only
D   2, 3 and 4

D