Which of the following is excluded from the scope of AASB 139?
A) A lease renewal option within a lease agreement.
B) A contract for contingent consideration receivable in a business combination covered by AASB 3.
C) An investment in a controlled entity accounted for at cost in the investor's separate consolidated financial statements.
D) Loan commitments that cannot be settled in cash or another financial instrument.

Question

Quizplus · Accepted Answer

Loan commitments that cannot be settled in cash or another financial instrument are excluded from the scope of AASB 139 because they are not financial instruments.

Which of the Following Is Excluded from the Scope of AASB