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Hi, am I right? Categorise each of the following financial instruments as financial assets, financial liabilities, or equity instruments: (a)Loan receivable (Financial assets) (b)Loan payable
Hi, am I right?
Categorise each of the following financial instruments as financial assets, financial liabilities, or equity instruments:
(a)Loan receivable (Financial assets)
(b)Loan payable (Financial liabilities)
(c)Ordinary shares (Equity instruments)
(d)Investment in the ordinary shares in part (c); (Financial assets)
(e)Cumulative, redeemable preference shares in the books of the issuer. Shares are redeemable at the option of the holder. (Equity instrument)
(f)The holder's investment in the preference shares in part (e) (Financial assets)
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