What Criteria Are Used to Determine How to Record a Factoring

Short Answer

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. $\begin{array}{cc}\text {loss of control}&&&&&&&&&&&\text {risks and rewards, and loss of control}\end{array}$