Business, 19.10.2020 18:01 payshencec21
Alpha Inc. has receivables from unrelated parties with a face value of $5,000. It transfers these receivables to bank for $4,500, without recourse. It will continue to collect the receivables, depositing them in a non-interest-bearing bank account with the cash flows remitted to the bank at the end of each month. It is not allowed to sell or pledge the receivables to anyone else and is under no obligation to repurchase the receivables from bank. Which of the following is the appropriate treatment for these Accounts receivables?
A) It should show these receivables in its Balance Sheet.
B) It should amortize these receivables.
C) It should derecognize these receivables.
D) It should derecognize these receivables if it retains the interest earned on these.
Answers: 3
Another question on Business
Business, 21.06.2019 15:00
He cornerstone of arsoac, the is organized into four like battalions and provides nighttime, all-weather, medium range insertion, extraction, and resupply capability in hostile or denied areas.
Answers: 2
Business, 22.06.2019 16:30
Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?
Answers: 3
Business, 22.06.2019 23:00
Even sole proprietors should have at least how many computers? 1 2 3 4
Answers: 1
You know the right answer?
Alpha Inc. has receivables from unrelated parties with a face value of $5,000. It transfers these re...
Questions
Spanish, 05.07.2019 23:00
History, 05.07.2019 23:00
History, 05.07.2019 23:00
English, 05.07.2019 23:00
Health, 05.07.2019 23:00
Mathematics, 05.07.2019 23:00
History, 05.07.2019 23:00
Mathematics, 05.07.2019 23:00
Social Studies, 05.07.2019 23:00
