According to IASB'S Conceptual Framework, which of the following events belong to an asset being recognized in Jiff's account?
A.
Jiff's uncle lend him $5,000 for starting his business and he plan to repay it in five years.
B.
Joe acquired a delivery van and paid in full through cheque, he plans to use it for his own business.
C.
Jiff ordered some raw materials from a supplier orally.
D.
Jiff applied for a credit bank account and has not been approved yet