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

IAS 32 treat as a ________________: an instrument which gives its holder a right to receive cash rather than equity which no rational holder would exercise.

Application of the basic definitions in IAS 32 means that an instrument is an equity instrument only if the instrument includes no contractual obligation to deliver cash or another __________________ to another entity.

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 ________________________

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

A cash instrument is any contract that evidences a residual interest in the assets of an entity after deducting all of its liabilities.