Sale of receivables with recourse
Not what you're looking for?
The required disclosures for sale of receivables is given in the solution.
Purchase this Solution
Solution Summary
The legally required disclosures for sale of receivable is given.
Solution Preview
For sale of receivables with recourse, what is, if any, the required disclosure? Explain the importance of this point.
STEP 1
If there is a sale of receivables with recourse, the seller or the transferor should make a disclosure as a sale if three conditions are met that is first, if the seller gives up his control of the future benefits relating to the receivables, second, the transferor can reasonably find out or determine its obligations under the "recourse" provisions, and thirdly, the ...
Purchase this Solution
Free BrainMass Quizzes
Operations Management
This quiz tests a student's knowledge about Operations Management
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Basic Social Media Concepts
The quiz will test your knowledge on basic social media concepts.
Income Streams
In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.
Change and Resistance within Organizations
This quiz intended to help students understand change and resistance in organizations