The IFRS Approach for Derecognizing a Receivable Focuses on Which

question 173

Multiple Choice

The IFRS approach for derecognizing a receivable focuses on which of the following?

• A) Risks
• B) Rewards
• C) Loss of control
• D) All of these answers choices are correct.

---

Definitions:

Loss-Minimizing

A strategy aimed at reducing the negative impact or minimizing the losses in a business operation or an investment.

Quantity

The amount or number of a material or immaterial good or service.

Units

Basic quantities considered as a standard of measurement for physical quantities.

Profit-Maximizing

The method used by a company to identify the pricing and production quantities that maximize its profits.