Question: A transaction in which an entity receives goods or services in exchange for its equity instruments or incurs liabilities based on the price of its

A transaction in which an entity receives goods or services in exchange for its equity instruments or incurs liabilities based on the price of its shares or other equity instruments is known as share-based payment. (a)Explain the difference between cash settled share based payment and equity settled share based payment transactions. (b)Discuss the accounting treatment for equity-settled share-based payment and cash- settled share-based payment.

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