According to the defined terms of IFRS 9, what does the 12-month expected credit loss represent?Your answerAThe portion of lifetime losses due to defaults possible within 12 months after the reporting date.BThe expected credit losses up to the maturity of the instrument, including beyond the next 12 months.CThe credit losses actually recorded by the entity during the 12 months before the reporting date.DThe lifetime expected loss, brought down to one year by dividing it by the remaining term.SubmitHint