Under IFRS 2, Share-Based Payment, What Approach Is Used to Account

question 31

Multiple Choice

Under IFRS 2, Share-based Payment, what approach is used to account for the transaction?

• A) Comparable transaction approach
• B) Fair value approach
• C) Market approach
• D) Notional value approach

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Definitions:

International Reserves

International reserves are assets held by central banks in foreign currencies, gold, and special drawing rights, serving as a means to pay off international debt obligations or influence currency exchange rates.

Unilateral Transfers

These are one-way transfers of funds or resources from one country to another or from governments to international organizations without a direct reciprocal expectation.

Persian Gulf War

a conflict that took place from 1990 to 1991, initiated by Iraq's invasion of Kuwait, leading to military intervention by a coalition led by the United States.

Financial Account

A component of the balance of payments that records transactions involving financial assets between residents and non-residents.