Which of the Following Items Are Considered Share-Based Payment Transactions

question 13

Multiple Choice

Which of the following items are considered share-based payment transactions within the scope of AASB 2?

• A) share dividends to employees who are shareholders of the entity
• B) goods acquired from a supplier on credit to be settled in cash
• C) services provided by an employee to be settled in equity instruments
• D) purchase of non-current assets on credit to be settled in cash

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Definitions:

Efficiency

The ratio of the output produced to the input used in the production process, indicating how well resources are utilized.

Flexibility

The ability of a company to adapt quickly to changes in the market environment, production demands, or customer needs.

Process Redesign

The fundamental rethinking of business processes to bring about dramatic improvements in performance.

Departmental Areas

Specific sections within an organization or entity, designated for particular administrative functions or activities.