According to AASB 132 Financial Instruments: Presentation, Which of the Following

question 3

Multiple Choice

According to AASB 132 Financial Instruments: Presentation, which of the following items would be regarded as a financial liability?

• A) Ordinary shares held in another entity.
• B) A contractual right to exchange under potentially favourable conditions, an option to purchase shares below the market price.
• C) The right of a depositor to obtain cash from a financial institution with which it has deposited cash.
• D) A contract that is a non-derivative for which the entity is obliged to deliver a variable number of its own equity instruments.

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Definitions:

Planning Step

A phase in the process of developing a strategy or project that involves setting objectives and determining the means to achieve them.

Company Files

Documents, records, or electronic data that contain important information about a business's operations, financials, or strategies.

Supervisors

Individuals in charge of overseeing and managing the work of others, ensuring tasks are completed adequately.

Colleagues

Individuals with whom one works, especially within a profession or a specific project group.