The General Accounting for Accounts and Notes Receivable Under IFRS

question 74

Multiple Choice

The general accounting for accounts and notes receivable under IFRS

• A)presumes off-balance sheet treatment when these assets are sold.
• B)has yet to be determined by the IASB.
• C)is different than U.S.GAAP in that IFRS does not allow the fair value option.
• D)is similar to the accounting under U.S.GAAP.

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Definitions:

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Partisan

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