Obtain the relevant authoritative literature on product financing arrangements using the FASB's Codification Research System. You might gain access at the FASB website (www.fasb.org).
What is the specific citation that provides guidance for determining whether an arrangement involving the sale of inventory is in substance a financing arrangement?
What is the specific citation that addresses the recognition of a product financing arrangement?© BrainMass Inc. brainmass.com June 4, 2020, 2:04 am ad1c9bdddf
Product financing arrangement, according to SFAS 49, Accounting for Product Financing Arrangements, is "a transaction in which an enterprise sells and agrees to repurchase inventory ...
The expert examines FASB codification research systems for product financing arrangements.