An issuer of a financial instrument must classify the instrument (or its component parts) on initial recognition as a financial liability, a financial asset or an equity instrument in accordance with the substance of the contractual arrangement and the definitions of a financial liability, a ___________________and an equity instrument.

An issuer of a financial instrument must classify the ________________ (or its component parts) on initial recognition as a financial liability.

As an exception to the general definition of a _____________, an instrument that meets the definition of a financial liability is nevertheless classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A and 16B.

A financial instrument is any contract that gives rise toGroup of answer choicesA financial assetA financial liabilityA financial asset of one entity and financial liability of another entityA financial asset of one entity and financial liability or equity instrument of another entity

IAS 32 examines whether an individual instrument (or class of instruments) issued by the ___________ is a financial liability or equity.

An accounting instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.Select one:TrueFalse