Multiple Choice
Which of the following best represents the guidance provided by IFRS when accounting for shares issued for noncash consideration?
A) The transaction should be valued at the more reliably measurable amount of the fair value of the goods/services received or the fair value of the shares given up.
B) The transaction should be valued at the fair value of the shares given up.
C) The transaction should be valued at the fair value of the goods/services received.
D) The transaction can be valued at management's choice of either the fair value of the goods/services received or the fair value of the shares given up.
Correct Answer:
Verified
Correct Answer:
Verified
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