Which of the following approaches is used to determine the recognition of an impairment loss of financial assets? Select the best answer. a. An approach that reflects the losses expected over the contractual life of the asset b. A loan is impaired if it is more likely than not that a creditor will be unable to collect all amounts due. c. A dual-measurement expected credit loss approach that is based on a financial asset's credit risk at inception and changes in credit risk from inception, as well as the applicability of certain practical expedients d. P Present value of contractual cash flows approach