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Under IFRS :

a) the entry to record estimated uncollected accounts is the same as GAAP.

b) loans and receivables should only be tested for impairment as a group.

c) it is always acceptable to use the direct write-off method.

d) all financial instruments are recorded at fair value.

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Question added by Deleted user
Date Posted: 2015/12/13
Islam Refaat
by Islam Refaat , Director of Finance , SHIFT inc (Sila Development Company Limited)

the entry to record estimated uncollected accounts is the same as GAAP

Deleted user
by Deleted user

Answer  A  is the right option .

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