When accounts receivable are employed to get cash?

A.The entity that receives the cash typically prefers that the transaction be recorded as a sale.

B.How the entity that provides the cash accounts for the transactions governs whether the entity that receives the cash accounts for it is as a sale or as a loan.

C.Footnote disclosures of the associated contingent liability are required when accounts receivable are assigned.

D.Relative to loan treatment, sale treatment always results in a higher current ratio.