Question
For compound financial instruments, if the conversion of the securities to shares is the probable outcome, the securities would meet the criteria for recognition as
For compound financial instruments, if the conversion of the securities to shares is the probable outcome, the securities would meet the criteria for recognition as liabilities in the XRB Conceptual Framework, and under NZ IAS 32 the securities would not have an equity component.
a.
False
b.
True
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Financial Reporting And Analysis
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
8th Edition
1260247848, 978-1260247848
