Dipankar
asked over 1 year ago
How will this transaction be dealt with in the financial statements for IFRS exam ?
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manusha
answered over 1 year ago
IFRS 2 states that the fair value of the goods and services received should be used to value the share options unless the fair value of the goods cannot be measured reliably. Thus equity would be increased by $6m and inventory increased by $6m. The inventory value will be expensed on sale.
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