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Unformatted text preview: An Obligation to Pay the Cash Flows From the Asset? Derecognize the Asset YE S NO YE S Continue to Recognize the Asset Transferred Substantially All Risks and Rewards? Retained Substantially All Risks and Rewards? Derecognize the Asset YE S NO YE S Continue to Recognize the Asset NO Retained Control of the Asset? NO YE S Derecognize the Asset Continue to Recognize the Asset to the Extent of the Continuing Involvement...
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This note was uploaded on 11/02/2011 for the course ACCOUNTING 300 taught by Professor Rodhurd during the Fall '11 term at Golden Gate.
- Fall '11