Which of the Following Is Within the Scope of AASB

question 9

Multiple Choice

Which of the following is within the scope of AASB 2 Share-based Payment?

• A) Cancellation, replacement or modification of share-based payments arising because of a business combination or restructuring.
• B) Transactions in which the entity receives or acquires goods or services as part of the net assets acquired in a business combination to which IFRS 3 Business Combinations applies.
• C) Transaction in which the entity receives or acquired goods or services under a contract which is within the scope of AASB 139 Financial Instruments: Recognition & Measurement.
• D) Transactions with employees in the employee's capacity as a holder of equity instruments of the entity.

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Definitions:

Rights and Liabilities

Legal entitlements and obligations that individuals or entities possess in a legal agreement or under the law.

Party

An individual or entity involved in a legal agreement or dispute.

Ordinary Bailment

A legal relationship where physical possession of personal property is transferred from one person to another, but ownership is not.

Bailee

A person or entity to whom goods are entrusted for a specified purpose by the bailor.