Which of the following is not a relevant consideration when evaluating whether to derecognize a financial liability?
A. Whether the obligation has been discharged.
B. Whether the obligation has been canceled.
C. Whether the obligation has expired.
D. Whether substantially all the risks and rewards of the obligation have been transferred.
Answer:D
Which of the following is not a relevant consideration when evaluating whether to derecognize a financial liability?
A. Whether the obligation has been discharged. B. Whether the obligation has been canceled. C. Whether the obligation has expired. D. Whether substantially all the risks and rewards of the obligation have been transferred.