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:

Sanguineous Drainage

Refers to the discharge of fresh blood from a wound, indicating active bleeding.

Decubitus Ulcer

Also known as a pressure sore or bedsore, it's a localized injury to the skin and/or underlying tissue, usually over a bony prominence, as a result of pressure or friction.

Tunneling

The creation of narrow passageways through or under an obstacle, often used in the context of engineering or computing.

Abdominal Binder

A medical garment that wraps around the abdomen to provide support and compression, often used after surgery or childbirth.