Under International Accounting Standards, the Derecognition of Receivables Requires That

Under international accounting standards, the derecognition of receivables requires that

A) economic ownership of the asset passes from the transferor to the transferee.
B) a binding legal agreement must exist between the transferor and the transferee.
C) the risks and rewards associated with the cash flows from the financial asset pass from the transferor to the transferee.
D) the receivable is determined to be fully collectible.