What criteria are used to determine how to record a factoring transaction? $\begin{array}{cc}
&&&&& \text { GAAP } &&&&&&&&&&\text { IFRS}
\end{array}$
a. $\begin{array}{cc}\text {risks and rewards, and loss of control}&\text {risks and rewards, and loss of control}\end{array}$
b. $\begin{array}{cc}\text {risks and rewards, and loss of control}&&\text {loss of control}\end{array}$
c. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&&\text {loss of control}\end{array}$
d. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&\text {risks and rewards, and loss of control}\end{array}$

Question

What criteria are used to determine how to record a factoring transaction? $\begin{array}{cc}
 &&&&& \text { GAAP } &&&&&&&&&&\text {  IFRS} 
\end{array}$
a. $\begin{array}{cc}\text {risks and rewards, and loss of control}&\text {risks and rewards, and loss of control}\end{array}$
b. $\begin{array}{cc}\text {risks and rewards, and loss of control}&&\text {loss of control}\end{array}$
c. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&&\text {loss of control}\end{array}$
d. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&\text {risks and rewards, and loss of control}\end{array}$

Quizplus · Accepted Answer

The Answer of What criteria are used to determine how to record a factoring transaction? $\begin{array}{cc}
 &&&&& \text { GAAP } &&&&&&&&&&\text {  IFRS} 
\end{array}$
a. $\begin{array}{cc}\text {risks and rewards, and loss of control}&\text {risks and rewards, and loss of control}\end{array}$
b. $\begin{array}{cc}\text {risks and rewards, and loss of control}&&\text {loss of control}\end{array}$
c. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&&\text {loss of control}\end{array}$
d. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&\text {risks and rewards, and loss of control}\end{array}$

What Criteria Are Used to Determine How to Record a Factoring