The AASB 132 Financial Instruments: Presentation definition of a financial asset does not include any asset...

 

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The AASB 132 Financial Instruments: Presentation definition of a financial asset does not include any asset that is: an equity instrument of another entity. a contractual right to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity. a contract that will be settled in the entity's own equity instruments. a contractual obligation to deliver cash or another financial asset to another entity, The AASB 132 Financial Instruments: Presentation definition of a financial asset does not include any asset that is: an equity instrument of another entity. a contractual right to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity. a contract that will be settled in the entity's own equity instruments. a contractual obligation to deliver cash or another financial asset to another entity,

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The detailed answer for the above question is provided below Answer Ans D A contractual obligation t... View the full answer