A share-based payment transaction in which the entity receives goods or services as consideration for equity instruments of the entity is classified in IFRS 2 Share-based Payment as
A) an equity-settled share-based payment transaction
B) a cash-settled share-based payment transaction
C) a liability-settled share-based payment transaction
D) an "other" share-based payment transaction

Question

Quizplus · Accepted Answer

According to IFRS 2 Share-based Payment, when an entity receives goods or services as consideration for equity instruments, it is classified as an equity-settled share-based payment transaction. This means that the entity settles the transaction by issuing equity instruments to the recipient of the goods or services.

A Share-Based Payment Transaction in Which the Entity Receives Goods