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- IAS 32 – Financial Instruments: Presentation 0%
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Question 1 of 10
1. Question
Which of the following is meant by ‘entity’ in IAS 32?
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Question 2 of 10
2. Question
A preference share that provides for mandatory redemption by the issuer for a fixed or determinable amount at a fixed or determinable future date, or gives the holder the right to require the issuer to redeem the instrument at or after a particular date for a fixed or determinable amount, is __________.
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Question 3 of 10
3. Question
A contract to deliver as many of the entity’s own equity instruments as are equal in value to the value of 100 ounces of gold is __________ the entity must or can settle it by delivering its own equity instruments.
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Question 4 of 10
4. Question
If an entity reacquires its own equity instruments, those instruments (‘treasury shares’) shall be deducted from equity.
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Question 5 of 10
5. Question
Transaction costs of an equity transaction shall __________.
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Question 6 of 10
6. Question
Changes in the fair value of an equity instrument shall __________.
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Question 7 of 10
7. Question
The costs of an equity transaction that is abandoned shall __________.
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Question 8 of 10
8. Question
Gains and losses related to changes in the carrying amount of a financial liability are recognised as income or expense in profit or loss __________ they relate to an instrument that includes a right to the residual interest in the assets of the entity in exchange for cash or another financial asset.
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Question 9 of 10
9. Question
Offsetting a recognised financial asset and a recognized financial liability and presenting the net amount differs from the derecognition of a financial asset or a financial liability.
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Question 10 of 10
10. Question
Under which of the following conditions shall an entity not offset a financial asset and a financial liability?
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