$100,000 6. Under current U.S. GAAP, the transferor of receivables to a securitization entity (SI has formed should treat the transfer as a collateralized borrowing instead of a sale if the transferor has: A. the power to direct the activities of the SE and the right to participate in the SE and losses.. B. the power to direct the activities of the SE but not the right to participate in the and losses. C. limited control over the sale of the securities. D. None of these answer choices are correct