alleryStart learning →Pro rata rights at a fixed price in any currency are?
AFinancial liabilities
BFinancial assets
CCompound instruments
DEquity instruments
Answer & Solution
Correct answer: D. Equity instruments
Pro rata rights to buy a fixed number of own shares for a fixed amount are equity even if priced in foreign currency.
Keep practising Ind AS 32 Financial Instruments: Presentation
Browse all Ind AS 32 Financial Instruments: Presentation questions for CA Final, or explore more Financialreporting topics.
Related questions
Which are 'entities' under Ind AS 32?Must a financial instrument contract be written?On reclassifying equity to liability, difference goes to?Puttable equity must sit in which class?Puttable equity must entitle holders to?A master netting arrangement provides?Is a sinking fund offset against the debentures?Assets pledged for non-recourse liabilities are usually?