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.
Correct Answer:
Verified
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