1 to 5 please!

TRUE OR FALSE 1. Under the ECL approach used in IFRS, impairments are only recognized for losses that occur more than a year in the future when a receivable has deteriorated in credit quality. 2. Under IFRS, an overdraft in a cash account at one bank can offset against a positive balance in the account at another bank for purposes of reporting cash on the company's balance sheet. 4. 3 Under IFRS, accounts receivable can account for as "available for sale" if that approach is elected upon initial recognition of the receivable. Under IFRS, transfer of risks and rewards of ownership, rather than transfer of control, is the primary factor determining whether a factored receivable can treat as sold rather than as part of a secured borrowing 5. Under IFRS, accounts receivable impairments are not recognized