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Which of the following accounting treatments correctly applies the principle of faithful representation?
A.
Reporting a transaction based on its legal status rather than its economic substance
B.
Excluding a subsidiary from consolidation because its activities are not compatible with those of the rest of the group
C.
Recording the whole of the net proceeds from the issue of a loan note which is potentially convertible to equity shares as debt (liability)
D.
Allocating part of the sales proceeds of a motor vehicle to interest received even though it was sold with 0% (interest free) finance