Under a Service Concession Arrangement

Under a service concession arrangement,

A) The transferring government continues to report the transferred asset as a capital asset and any related contractual obligations as liabilities.
B) The operating government will record the transferring government's payment or receivable, a liability for the present value of significant contractual obligations and a corresponding deferred inflow of resources for the difference between the two.
C) Any deferred inflow of resources is recognized as revenue at the time the arrangement takes place.
D) All of the above statements are true.