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. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&\text {risks and rewards, and loss of control}\end{array}$

---

Definitions:

Institutional Problems

Issues or challenges that arise within and are specific to an organization's structure, culture, or practices.

Multicultural

Relating to, or designed for the inclusion of multiple cultural perspectives and practices.

U.S. Census

A decennial counting and survey of the American population conducted by the United States Census Bureau, providing vital national and local data.

Demographic Segment

A specific group within a population defined by characteristics such as age, gender, income, etc., for targeted marketing or analysis.