Which instruments not be classified as a financial liability

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Problem 1: According to IASB, bearer plants should be accounted for as

a) Biological assets with disclosure

b) Biological assets without disclosure

c) Property, plant and equipment

d) Noncurrent investment

Problem 2: Which of the following instruments would not be classified as a financial liability?

a) A preference share that will be redeemed by the issuer for cash on a future date.

b) A contract for the delivery of as many of the entity's ordinary shares as are equal in value to P100,000 on a future date.

c) A written call option that gives the holder the right to purchase a fixed number of the entity's ordinary shares in return for a fixed price.

d) An issued perpetual debt instrument

Reference no: EM132765925

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