A Share -Based Payment Transaction in Which the Entity Acquires

question 22

Multiple Choice

A share -based payment transaction in which the entity acquires goods or services by incurring liabilities to the supplier for amounts that are based on the value of the entity's shares or other equity instruments of the entity is classified in AASB 2 Share-based Payment as

• A) an equity-settled share-based payment transaction
• B) a cash-settled share-based payment transaction
• C) a liability-settled share-based payment transaction
• D) an "other" share-based payment transaction

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Definitions:

Survival of Society

The enduring and continuous existence of a society through the maintenance of its structures, customs, and values across generations.

Ability and Talent

Natural aptitudes or skills that individuals possess, which can be developed through practice and education.

Structural Functional

A perspective in sociology that sees society as a complex system whose parts work together to promote solidarity and stability.

Davis and Moore

Sociologists who proposed a functionalist theory suggesting that social stratification, or the division of society into classes, has a beneficial function in society.