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

Question

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Under IAS 39, derecognition of a financial liability occurs when the obligation has been paid, canceled, or expired. The liability can be removed from the statement of financial position when it is no longer required to be recognized. Therefore, all of the above circumstances can result in derecognition of a financial liability.

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