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Which of the following statements regarding instruments with contingent settlement provisions correct? Select answer from the options below Under ASPE these instruments are treated as
Which of the following statements regarding instruments with contingent settlement provisions correct? Select answer from the options below Under ASPE these instruments are treated as liabilities; IFRS treats them as equity. ASPE treats these as liabilities if the contingency is highly likely to occur; IFRS does so only if the contingency is outside the control of the issuer, regardless of its likelihood. IFRS treats such instruments as liabilities; ASPE treats them as equity. Under IFRS such instruments are treated as liabilities if the contingency is highly likely to occur; ASPE does so only if the contingency is outside the control of the issuer, regardless of its likelihood.
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