Answered: when must the entity choose the cash…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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please explain why the option is correct and remaining incorrect

Under IFRS 2, with respect to choice-of-settlement share-based payments, if it is the entity that has the right to choose between equity settlement and cash settlement, when must the entity choose the cash settlement?

Group of answer choices

If the entity has a present obligation to settle in cash

If the supplier provides goods

The entity always has the option to choose either method.

If the supplier provides services

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