Under IAS 39, Financial Instruments: Recognition and Measurement, Which of the Following

question 54

Multiple Choice

Under IAS 39, Financial Instruments: Recognition and Measurement, which of the following terms describes the removal of a financial asset or liability from the balance sheet when certain appropriate criteria have been met?

• A)Decoupling
• B)Extinguishment
• C)Derecognition
• D)Reversal

Recognize the practical applications and limitations of intelligence tests in educational and occupational settings.

Grasp the role of environmental and hereditary factors in the development of intelligence.

Understand the impact of managerial decisions on a firm's inventory and cash management.

Analyze how various financial activities affect a firm's cash flow.

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Definitions:

Racemic Mixture

A mixture containing equal amounts of two enantiomers, resulting in a substance that has no optical activity.

Meso Trans-1,2-Diol

A specific stereochemical form of a 1,2-diol where the compound has two identical chiral centers but is overall achiral because of symmetry, resulting in a meso compound.

Lasalocid A

A polyether antibiotic used as an anticoccidial agent and in veterinary medicine to control coccidiosis.

Coccidiostat

A chemical agent used to inhibit the growth of coccidia, protozoan parasites, often used in veterinary medicine to prevent coccidiosis.