sortent Week 7 Assignments - 2020_Fall_ACC2300EOL31 Intermediate... 1. What is the meaning of the term,"without recourse?" 2. Use the FASB Accounting Standards Codification (see the required Resources AVAL Link in Module One) to access the relevant authoritative literature on accounting for the transfer of financial assets. What conditions must be met for a transfer of receivables to be accounted for as a sale (or in accounting terms, "derecognized")? 3. What is the specific citation that Samson would rely on in applying that accounting treatment? 4. Assuming that the conditions for treatment as a sale are met, prepare Samson's journal entry to record the factoring of $400,000 of receivables. Assume that the fair value of the last 10% of Samson's receivables is equal to $25,000. 99 5. An agreement that both entities and obligates the transferor, Samson, to repurchase or redeem transferred assets from the transferee, Old Reliant, maintains the transferor's effective control over those assets and the transfer is accounted for a secured borrowing, not a sale, if and only if what conditions are met? original analysis and your