Which of the Following Is Not True Regarding Accounting for Transfers

question 12

Multiple Choice

Which of the following is not true regarding accounting for transfers of receivables under IFRS?

• A) Transfers of receivables sometimes are treated as a sale of receivables.
• B) Transfers of receivables sometimes are treated as a secured borrowing.
• C) Transfers of receivables can be treated as a sale if the transferee is a QSPE.
• D) Transfer of substantially all the risk and rewards of ownership is an important consideration.

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Definitions:

Social Problems

are issues within a society that cause a significant number of individuals distress or harm, often requiring collective action to address.

Emotional States

The different feelings or moods that an individual can experience, which can influence behavior and perception.

Scientific Evidence

Information, facts, or data that serve to either support or counter a scientific theory or hypothesis, often obtained through repeatable experiments and observation.

Autism

A disorder characterized by extreme aloneness, communication problems, preservation of sameness, and ritualistic behavior.