Under IAS 39, under what circumstances will derecognition of a financial liability occur?
A. when the obligation has been paid
B. when the obligation has been canceled
C. when the obligation has expired
D. all of the above
Answer:D
Under IAS 39, under what circumstances will derecognition of a financial liability occur?
A. when the obligation has been paid B. when the obligation has been canceled C. when the obligation has expired D. all of the above