The original version of IAS 32 Financial Instruments: Disclosure and Presentation was published in March 1996.Select one:TrueFalse

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

Broadly speaking, apart from this exemption, an instrument can only be classified as equity under IAS 32 if the issuer has an unconditional right to avoid delivering cash or another financial instrument or, if it is settled through the entity’s own equity instruments, it is for an exchange of a fixed amount of cash for a fixed number of the entity’s own equity instruments. In all other cases it would be classified as a ________________________

15. What is the International Accounting Standards Board(IASB), and what are its objectives?

IAS 32 classify as _________________: an instrument that is virtually certain to result in regular cash payments by the entity

IAS 32 focuses on the contractual rights and obligations arising from the terms of an instrument, rather than on the probability of those rights and obligations leading to an outflow of cash or other resources from the entity, as would be the case for a provision accounted for under IAS _____________ – Provisions, Contingent Liabilities and Contingent Assets.