Question

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

a) IASB No. 1.
b) IFRS No. 9.
c) IAS No. 39.
d) None of the above.

Answer 1

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

Step-by-step explanation:

Under IFRS, accounts receivable can be accounted for as "available for sale" investments if that approach is elected upon initial recognition of the receivable under IFRS No. 9.