AASB 2 Requires All Share-Based Payment Transactions to Be Recognised

question 13

Multiple Choice

AASB 2 requires all share-based payment transactions to be recognised at:

• A) grant date.
• B) balance date.
• C) exercise date.
• D) settlement date.
• E) None of the given answers.

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Definitions:

Sum Certain

A specific, agreed-upon amount of money owed under a contract that is not subject to change.

Unconditional Promise

A commitment or guarantee that is not subject to any conditions or contingencies.

Time Certain

A specific, agreed-upon moment or period in which something is to occur or be completed, often used in contracts and scheduling.

Assumed Name

An assumed name, also known as a trade name or "doing business as" (DBA), is a name a business uses that is different from its legal, registered name.