5. X transfers a marketable equity security to Y with a date-of transfer price equal to $30. For each of the following transfer provisions (considered independently], identify the affected condition (#1, 2 or 3) for sale accounting and whether the provision prevents sale accounting for the transfer. a. A legal letter included a "would" opinion stating that the transferred assets would be beyond the reach of the powers of a bankruptcy trustee of X. - Transferred financial asset have been isolated from the transferor b. Thus, the transferred asset is isolated from X. (4pts) C. d. Y may not sell the asset to a third party. (4pts) X writes a put to Y, having an exercise price of $29 (Giving Y the right to sell at $29). The asset price is likely to rise to at least $33. (4pts) 5. X transfers a marketable equity security to Y with a date-of transfer price equal to $30. For each of the following transfer provisions (considered independently], identify the affected condition (#1, 2 or 3) for sale accounting and whether the provision prevents sale accounting for the transfer. a. A legal letter included a "would" opinion stating that the transferred assets would be beyond the reach of the powers of a bankruptcy trustee of X. - Transferred financial asset have been isolated from the transferor b. Thus, the transferred asset is isolated from X. (4pts) C. d. Y may not sell the asset to a third party. (4pts) X writes a put to Y, having an exercise price of $29 (Giving Y the right to sell at $29). The asset price is likely to rise to at least $33. (4pts)