Which Statement Is Not True for a Partial Derecognition-Say 30%-Of

question 26

Multiple Choice

Which statement is not true for a partial derecognition-say 30%-of a financial liability?

• A)Record derecognition of 30% of the book value of the financial liability.
• B)Record derecognition and the acquisition of 70% as a new liability.
• C)Record derecognition of 30% of the unamortized premium or discount.
• D)Record the gain or loss on derecognition of 30% of the financial liability.

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Definitions:

Cyber-Squatting

The practice of registering, selling, or using a domain name with the intent of profiting from the goodwill of a trademark belonging to someone else.

Domain Names

The name assigned to an Internet site, which consists of multiple parts, separated by dots, that are translated from right to left.

Trademark

A legal designation of exclusive use of a name, logo, or symbol to identify and protect a brand or product.

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An affiliate that engages in deceptive practices to earn commissions from a partner program without adding real value.