Which of the following is NOT within the scope of IFRS 2?
A) Transactions in which the entity receives or acquires goods or services as part of the net assets acquired in a business combination to which IFRS 3 Business Combinations applies.
B) Equity instruments granted to employees of the acquiree in a business combination in their capacity as an employee.
C) Cancellation, replacement or other modification of share-based payment arrangements because of a business combination.
D) Cancellation, replacement or other modification of share-based payment arrangements because of other equity restructuring.

Question

Quizplus · Accepted Answer

IFRS 2 does not apply to transactions in which the entity receives or acquires goods or services as part of the net assets acquired in a business combination to which IFRS 3 Business Combinations applies. This is because these transactions are specifically scoped out of IFRS 2 and are instead covered under IFRS 3.

Which of the Following Is NOT Within the Scope of IFRS