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9 Barnie has issued 2 million shares of RM1 nominal value for the acquisition of landing rights at a local airport. Similar landing rights are sold in cash transactions on a regular basis and Barnie has been offered a similar landing right at another airport for RM4.5 million. This price is consistent with other prices given the market conditions. The share price of Barnie was RM5 at the date of the transaction. Barnie wishes to record the transaction at the nominal value of the shares issued. Required: Discuss how the above share-based payment transaction should be accounted for. In your discussion, state whether you agree with the director's suggestion. If not, explain why