Asked Nov 24, 2019

When should a transfer of receivables be recorded as a sale? 

A) The buyer surrenders controlof the receivables to the seller.

B) The transferor maintains effective control over the transferred assets through an agreement to repurchase or redeeem them prior to their maturity.

C) The transferee cannot pledge or exchange the transferred assets. 

D) The transferred asstes are isolated from the transferor.


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