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NZ IAS 32, paragraph 11, defines a financial instrument as: any contract that gives rise to a financial asset of one entity and a financial

NZ IAS 32, paragraph 11, defines a financial instrument as: any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. REQUIRED: Discuss TWO examples that meet this definition and TWO examples that do not meet this definition.

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