rding to AASB 132 Financial Instruments: Presentation, which of the following items would be regarded as a financial liability? Ordinary shares held in another entity. A contractual right to exchange under potentially favourable conditions, an option to purchase shares below the market price. O The right of a depositor to obtain cash from a financial institution with which it has deposited cash. A contract that is a non-derivative for which the entity is obliged to deliver a variable number of its own equity instruments.

rding to AASB 132 Financial Instruments: Presentation, which of the following items would be regarded as a financial liability? Ordinary shares held in another entity. A contractual right to exchange under potentially favourable conditions, an option to purchase shares below the market price. O The right of a depositor to obtain cash from a financial institution with which it has deposited cash. A contract that is a non-derivative for which the entity is obliged to deliver a variable number of its own equity instruments.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter10: Auditing Cash, Marketable Securities, And Complex Financial Instruments

Section: Chapter Questions

Problem 28RQSC

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