Under IFRS, accounts receivable can be accounted for as "available for sale" if that approach is elected upon initial recognition of the receivable.

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According to IFRS, accounts receivable can be classified as "available for sale" if this option is chosen at the time of initial recognition of the receivable. This classification means that the receivable is reported at fair value with changes in fair value recognized in other comprehensive income until the receivable is derecognized or impaired.

Under IFRS, Accounts Receivable Can Be Accounted for as "Available