When should a transfer of receivables be recorded as a sale

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

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When should a transfer of receivables be recorded as a sale? The transferred assets are isolated from the transferor The transferor does not maintain effective control over the transferred assets
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Unformatted text preview: through an agreement to repurchase or redeem them prior to their maturity The transferee has the right to pledge or exchange the transferred assets...
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This note was uploaded on 06/26/2010 for the course AC 311 taught by Professor Mcconville during the Spring '08 term at Bentley.

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