Cu Hi 10 Cu tr li c lu t im 0,25 7 t c Company A sold receivables to company B under the following conditions: Carrying amount of receivables = $1,000; Fair value of receivables = $1,020; Sales price = 990. If company B does not recover some of these receivables, company A will repay all credit losses to company B. How shall this transaction appear in the financial statements of company A? O a. Company A shall revalue the whole portfolio of receivables (not only sold part of 1,000) first. Then, any loss from the sale of receivables is recognized to profit or loss. O b. Company A shall derecognize receivables amounting to 1,000 and recognize loss from sale of receivables of 10 (1,000 - 990). O c. Company A shall not derecognize any receivables, because significant risks were not transferred to Company B. Instead, Company A recognizes a financial liability amounting to 990. O d. Company A shall revalue receivables to their fair value first (gain of 20) and then, the loss from the sale of receivables amounting to 30 is recognized to profit or loss (1,020 - 990)