An entity enters into an agreement with a third party to transfer a financial asset. As part of this transfer, the entity has neither retained nor transferred substantially all the risks and rewards of ownership, but it has retained control over the financial asset. In relation to this transaction, which of the following is correct? Select the best answer. a. The entity would recognize a secured borrowing equal to the consideration received b. The financial asset would be derecognized by the entity c. The entity would continue to recognize the transferred asset to the extent of its continuing involvement d. The financial asset would be reclassified as a current asset