473 30 1 Pura the cost of d ay we CS4003 D . here the contract is executed 14) Contract terms Al center the rights and obligations of the borrower ewend on data in financial statements that are issued before the contra C) cannot be designed to eliminate or reduce conflicting incentives I do not use financial accounting numbers to monitor compliance with to monitor compliance with contract terms IS) Under current U.S. GAAP, the transferor of receivables would treat the tra A) the power to direct the activities of the SE and the n sferor of receivables to a securitization entity (SE) that it has formed as a collateralized borrowing instead of a sale if the transferor has e activities of the Se and the right to participate in the SE's gains and losses. me activities of the SE but not the right to participate in the SE's gains and losse 3) the power to d Cimited control over the sale of the securities. D) None of these answer choices are correct. 16) in using financial statements to monitor compliance with debt covenants: AJ mandatory changes in accountine principles can be ignored in all cases. 8) many loan agreements have financial covenants that run the accountine rules in place when th loan is first granted. C) the lender is in default if not enforcing the borrower's compliance with the most recent account principles. D) the lender must renegotiate the covenants if a new accounting principle harms the borrower's compliance 7) The allowance for uncollectibles account is: A) added to gross accounts receivable. B) added to net accounts receivable. C) subtracted from gross accounts receivable. D) subtracted from net account receivable