How Should Warrants on the Company's Own Common Shares Be

question 67

Multiple Choice

How should warrants on the company's own common shares be accounted for?

• A)Fair value.
• B)Fair value through profit or loss.
• C)Amortized cost.
• D)Historical cost.

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Definitions:

Rectus Abdominis

A long muscle of the abdomen whose contraction results in flexion of the lumbar spine or helps in compressing the abdominal cavity.

External Abdominal Oblique

A muscle located in the lateral part of the abdomen, involved in trunk rotation and lateral flexion.

Transversus Abdominis

A muscle layer of the anterior and lateral abdominal walls which is deep to the internal oblique muscle.

Lateral Rectus

A muscle in the orbit that abducts the eye, moving it outward, away from the midline of the body.