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Posted on Aug 07, 2024

Of the following conditions, which is the only one that is not required if the transfer of receivables with recourse is to be accounted for

Of the following conditions, which is the only one that is not required if the transfer of receivables with recourse is to be accounted for as a sale?

a. The transferor is obligated to make a genuine dffort to identify those receivables that are uncollectible.

This is the answer. Please explain me why.

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