Regarding Receivables Recognition and Measurement, Which of the Following Is

question 52

Multiple Choice

Regarding receivables recognition and measurement, which of the following is true regarding the related IFRS standard?

• A)It requires the effective interest method is used to recognize interest and related premiums or discounts.
• B)It requires the straight-line method is used to recognize interest and related premiums or discounts.
• C)It allows a choice between either the effective interest or straight-line method.
• D)None of these statements are correct.

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Definitions:

Cumulative Recorder

A device used in behavioral psychology to record the frequency of behaviors over time, creating a graphical representation.

Graphic Record

A visual representation of data or information, usually in the form of charts, graphs, or diagrams.

Reinforcement Contingencies

Conditions that determine when reinforcement will be given for a particular behavior, crucial in the process of learning and behavior modification.

Discriminative Stimulus

A stimulus in the presence of which a particular response will produce reinforcement or a specific outcome, but will not do so in its absence.