AASB 2 also applies to transactions where an entity issues equity instruments to purchase the net assets of another entity in a business combination.

Question

Quizplus · Accepted Answer

AASB 2 specifically applies to share-based payment transactions, including transactions where an entity receives goods or services as consideration for its own equity instruments. Transactions involving the issuance of equity instruments to purchase the net assets of another entity in a business combination are covered by AASB 3 Business Combinations, not AASB 2.

AASB 2 Also Applies to Transactions Where an Entity Issues