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Equity transaction

This topic has 1 reply, 2 voices, and was last updated 4 years ago by Stephen Widberg.

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July 30, 2020 at 2:41 pm #578778
toushiga
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Sir,I would like to ask ,if a transaction involved of settled by own issued share that acquired goods or service of another entity, when should it accounted for under IFRS 2 and IAS 32 equity?
Thanks.
July 31, 2020 at 3:07 pm #578833
Stephen Widberg
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Normally if you issue shares in return for goods or services of another entity, you will measure the transaction at the fair value of the goods or services received. IFRS 2 – but remember not to spend time quoting standard numbers in the exam.
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