34 For share-based payment transactions in which the terms of the arrangement provide either the entity or the counterparty with the choice of whether the entity settles the transaction in cash (or other assets) or by issuing equity instruments, the entity shall account for that transaction, or the components of that transaction, as a cash-settled share-based payment transaction if, and to the extent that, the entity has incurred a liability to settle in cash or other assets, or as an equity-settled share-based payment transaction if, and to the extent that, no such liability has been incurred.
Share-based payment transactions in which the terms of the arrangement provide the counterparty with a choice of settlement
35 If an entity has granted the counterparty the right to choose whether a share-based payment transaction is settled in cash [In paragraphs 35-43, all references to cash also include other assets of the entity.] or by issuing equity instruments, the entity has granted a co
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