Which Permits Partial Derecognition of Receivables $\begin{array} { c c } & \text { GAAP } & \text { IFRS } \\\end{array}$

question 222

Short Answer

Which permits partial derecognition of receivables? $\begin{array} { c c } & \text { GAAP } & \text { IFRS } \\\end{array}$
A) $\begin{array} { c c } & \text { yes } & &\text { no } \\\end{array}$
B) $\begin{array} { c c } & \text { yes } && \text { yes } \\\end{array}$
C) $\begin{array} { c c } & \text { no } && \text { no } \\\end{array}$
D) $\begin{array} { c c } & \text { no } && \text { yes }\end{array}$

• A) \(\begin{array} { c c } & \text { yes } & &\text { no } \\\end{array}\)
• B)\(\begin{array} { c c } & \text { yes } && \text { yes } \\\end{array}\)
• C) \(\begin{array} { c c } & \text { no } && \text { no } \\\end{array}\)
• D) \(\begin{array} { c c } & \text { no } && \text { yes }
• \end{array}\)

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Definitions:

Paternalism

A behavior by an authority that limits someone's freedom or responsibilities for their own good, often without their consent.

Ethical Principle

Fundamental guidelines that inform ethical decision-making and behavior, emphasizing values like honesty, fairness, and respect.

Self-determination

The process by which a person controls their own life, making choices and decisions based on their values, preferences, and aspirations.

Dilemma

A situation in which a difficult choice must be made between two or more alternatives, often involving equally undesirable outcomes.