When should a transfer of receivables be recorded as a sale? A. The transferor does not maintain effective control over the transferred assets through an agreement to repurchase or redeem them prior to their maturity B. The buyer surrenders control of the receivables to the seller C. The transferred assets are isolated from the transferor D. The transferee cannot pledge or exchange the transferred assets. When should a transfer of receivables be recorded as a sale? A. The transferor does not maintain effective control over the transferred assets through an agreement to repurchase or redeem them prior to their maturity B. The buyer surrenders control of the receivables to the seller C. The transferred assets are isolated from the transferor D. The transferee cannot pledge or exchange the transferred assets