An entity shall measure equity instruments issued to extinguish all or part of a financial liability at fair value of the liability extinguished fair value of the equity instruments issued carrying amount of the liability extinguished par value of the equity instruments issued
An entity shall measure equity instruments issued to extinguish all or part of a financial liability at fair value of the liability extinguished fair value of the equity instruments issued carrying amount of the liability extinguished par value of the equity instruments issued
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 5MC
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Question
An entity shall measure equity instruments issued to extinguish all or part of a financial liability at
- fair value of the liability extinguished
- fair value of the equity instruments issued
- carrying amount of the liability extinguished
- par value of the equity instruments issued
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