14. Under IFRs, receivables are to be reported on the balance sheet at: a historical cost b historical cost minus provisions e. fair value (market price) d. fair value minus provisions For the questions 15 16, use the following informa leetor ation. company has the following receivables elassified as follows. Individually significant receivables an company$200 S100 Rand company lector determines that Yuan's receivable is impaired by $80 but Rand's receivable is not considered impaired. Hector also determines a composite rate of 2% is appropriate to measure impairment on all other receivables. All other receivables $500 15. Under IFRS, what is the total impairment under IFRS? a $70 b. $80 e $82 d $92 16, Under IFRS, what is the amount of net realizable value"? a. $800 b. $734 c $718 d. $708 17. Under IFRS, w hich of the following is correct regarding the journal entry t record the impairment? a. "Accounts Receivable" is credited. b. "Bad Debt Expense" is credited. c. "Net Realizable Value" is credited d. "Provisions for doubtful accounts" is credi credited. SEE NEXT PAGE