AASB 132 Defines a Financial Instrument As

AASB 132 defines a financial instrument as:

A) any commitment that gives rise to either a financial asset or a financial liability of the reporting entity.
B) any contract that gives rise to both a financial asset of one entity and a financial liability or equity instrument of another entity.
C) any commitment that ultimately gives rise to an equity instrument of the reporting entity.
D) any contract that gives rise to both a financial asset of one entity and a financial liability or equity instrument of the same entity.

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