Reference no: EM133012232

Problem a) According to AASB 2 Share-Based Payment, when a transaction occurs where the fair value of the goods or services can be measured reliably, what should be the measurement of the expense (or asset) and equity account are recognized?

Select one:

a. At the cost of the equity instruments being granted.
b. At the fair value of the equity instruments being granted.
c. At the fair value of the goods or services received.
d. At the cost of the goods or services.

Problem b) In calculation of earnings per share (EPS), denominator is:

Select one:

a. Outstanding ordinary shares at balance date and weighted-average number of fully paid ordinary shares
b. Weighted-average number of fully paid ordinary shares.
c. Weighted-average number of the sum fully paid ordinary shares and partly paid equivalents.
d. Outstanding ordinary shares at balance date.