A Debt Cannot Be Considered Extinguished,and Therefore Removed from the Balance

Multiple Choice

A debt cannot be considered extinguished,and therefore removed from the balance sheet,unless:

A) It is not likely that the reporting entity will be required to assume the debt-servicing requirements of the loan and it has not otherwise guaranteed the servicing of the debt.
B) The probability that the reporting entity will be required to repay the principal and interest remaining under the conditions of the debt is so low as to be considered virtually impossible.
C) It is highly improbable that the reporting entity will be required to assume again the primary obligation for the debt-servicing requirements or to satisfy any guarantee, indemnity or similar relating to such requirements.
D) The possibility of the reporting entity being required to assume responsibility for the debt is considered remote.
E) None of the given answers.