Scope of AASB 2/IFRS 2 LO2 Which of the following is a sharebased payment transaction within
Question:
Scope of AASB 2/IFRS 2 LO2 Which of the following is a share‐based payment transaction within the scope of AASB 2/IFRS 2? Give reasons for your answer.
(a) Goods acquired from a supplier (counterparty) by incurring a liability based on the market price of the goods
(b) An invoiced amount for professional advice provided to an entity, charged at an hourly rate, and to be settled in cash
(c) Services provided by an employee to be settled in equity instruments of the entity
(d) Supply of goods in return for cash or equity instruments at the discretion of the counterparty
(e) Dividend payment to employees who are holders of an entity’s shares
Step by Step Answer:
Financial Reporting
ISBN: 978-0730363361
2nd Edition
Authors: Janice Loftus ,Ken Leo ,Sorin Daniliuc ,Belinda Luke ,Hong Nee Ang ,Karyn Byrnes