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

question 12

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

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Definitions:

True Breeding

Refers to organisms that produce offspring of the same variety when they self-pollinate or mate with other true-breeding organisms of the same traits.

Pink Flowers

Plant blooms characterized by their pink pigmentation, often resulting from varying phytochemical compositions and genetic factors.

Crossing-Over

A process during meiosis where two chromosomes exchange segments of their genetic material to create genetic diversity.

Normal Wings

Wings that exhibit the standard form and functioning appropriate for a particular species, as opposed to mutations or deformities.