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A company can record the transfer of accounts receivable as a sale if all of the following are true except: a. The transferor surrenders control

A company can record the transfer of accounts receivable as a sale if all of the following are true except:

a.

The transferor surrenders control of the future economic benefits of the receivables

b.

The transferred assets have been isolated from the transferor.

c.

The transferor can repurchase the transferred assets before their maturity.

d.

The transferee obtains the risks of ownership.

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