When is a share-based payment transaction recognized as an asset?
A) When the goods or services meet the definition of an asset.
B) When the goods or services are cash based.
C) When the goods or services are equity based.
D) When the goods or services have economic value for more than one year.

Question

Quizplus · Accepted Answer

A share-based payment transaction is recognized as an asset when the goods or services acquired meet the definition of an asset, which typically means they provide future economic benefits to the entity.

When Is a Share-Based Payment Transaction Recognized as an Asset