On January 1, 2020, Steinem Corporation established a special purpose entity to buy $1 million of accounts receivable from Steinem. Investors have invested in the special purpose entity to benefit from the return on assets and certain tax advantages. The special purpose entity has used the cash invested by the investors to buy the $1 million of accounts receivable from Steinem.

(a) Has Steinem's liquidity improved as a result of this transaction?

(b) Will Steinem's SFP show increased debt or equity as a result of this transaction?

(c) What type of transaction is this?

(d) From the perspective of an investor, what is the related risk?