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:

Light-Emitting Electronic Device

A light-emitting electronic device is an electronic device that produces light, such as LEDs found in displays and lighting technologies.

Exercising Regularly

The practice of engaging in physical activities on a consistent basis to improve or maintain physical fitness and overall health.

Relaxing Before Bedtime

Involves engaging in activities that reduce stress and prepare the mind and body for sleep, such as reading, meditation, or taking a warm bath.

Sleeping on a Regular Schedule

The practice of going to bed and waking up at the same times each day to maintain a stable sleep pattern.