When Accounting for Sales Where the Risk of Non-Collection of Installments

Multiple Choice

When accounting for sales where the risk of non-collection of installments is high or when there is no reasonable basis for estimating uncollectible accounts,IFRS

A) requires use of the installment sales method.
B) permits either the cost recovery or the installment sales method.
C) takes a more conservative approach than that allowed under U.S.GAAP.
D) takes a less conservative approach than that allowed under U.S.GAAP.