Under IFRS 9, under what circumstances will derecognition of a financial liability occur?
A) When the obligation has been discharged
B) When the obligation has been canceled
C) When the obligation has expired
D) All of the above

Question

Quizplus · Accepted Answer

Derecognition of a financial liability will occur under all three circumstances listed in the options: when the obligation has been discharged, canceled or expired.

Under IFRS 9, Under What Circumstances Will Derecognition of a Financial