Under IAS 39,under What Circumstances Will Derecognition of a Financial

question 18

Multiple Choice

Under IAS 39,under what circumstances will derecognition of a financial liability occur?

• A)when the obligation has been paid
• B)when the obligation has been canceled
• C)when the obligation has expired
• D)all of the above

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Definitions:

Individual Products

Items that are distinct and identifiable, typically possessing unique features that differentiate them from other products.

Product Families

Groups of related products that share common components, manufacturing processes, or market segments.

Time-Series Model

Statistical models used to analyze or forecast data points collected or indexed in time order.

Past Data Points

Historical values or observations that have been recorded and can be analyzed to understand trends or patterns.