What Criteria Are Used to Determine How to Record a Factoring

question 125

Short Answer

What criteria are used to determine how to record a factoring transaction? $\begin{array}{cc} &&&&& \text { GAAP } &&&&&&&&&&\text { IFRS} \end{array}$
a. $\begin{array}{cc}\text {risks and rewards, and loss of control}&\text {risks and rewards, and loss of control}\end{array}$
b. $\begin{array}{cc}\text {risks and rewards, and loss of control}&&\text {loss of control}\end{array}$
c. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&&\text {loss of control}\end{array}$
d. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&\text {risks and rewards, and loss of control}\end{array}$

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Definitions:

Neuroglia

are supportive cells in the nervous system, providing structure, protection, and nutrition to neurons.

Nerve Cells

Specialized cells that transmit electrical signals throughout the body, also known as neurons.

Dendrites

Branch-like extensions of neurons that receive signals from other neurons or sensory stimuli.

Axon

A long, slender projection of a nerve cell, or neuron, that typically conducts electrical impulses away from the neuron's cell body.