Issue of shares in exchange for shares of another entity in a purchase transaction of the net assets of an entity in a business combination is within the scope of AASB 2.

Name: Issue of shares in exchange for shares of another entity in a purchase transaction of the net assets of an entity in a business combination is within the scope of AASB 2.
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Question

Quizplus · Accepted Answer

AASB 2 does not apply to business combinations; it deals with share-based payments. Business combinations are covered under AASB 3.

Issue of Shares in Exchange for Shares of Another Entity