Compare and contrast the financial statement effects of achieving off-balance-sheet financing through an executory contract versus an
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Compare and contrast the financial statement effects of achieving off-balance-sheet financing through an executory contract versus an asset sale with recourse, where the seller of the assets will reimburse the buyer for any shortfall in collections from the purchased asset.
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Using an executory contract to achieve offbalancesheet financing results in the recognition of n...View the full answer
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Related Book For 
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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