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Should cabramurra ltd recognise the acquisition cost

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Recognition principles

Cabramurra Ltd, a listed company, organises major sporting events. It acquires crowd control equipment in return for a liability for an amount based on the price of 1000 of its own shares.

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Question 1: Is this a share-based payment transaction? Should Cabramurra Ltd recognise the acquisition cost as an asset or an expense? Explain.

Reference no: EM132552045

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