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

question 34

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

---

Definitions:

Karen Horney

A psychoanalyst known for her theories on neurosis, feminine psychology, and the concept of "basic anxiety."

Humanistic Perspective

is an approach in psychology that emphasizes individual potential for growth and the importance of human values, creativity, and self-fulfillment.

Self-efficacy

An individual's belief in their own capability to successfully complete tasks or achieve goals.

Feelings of Inferiority

An individual's persistent sense of inadequacy or lack of self-worth compared to others, which can influence motivation and behavior.