You will research each topic and respond to specific questions about each topic. For some of the topics you will also be asked to interpret how the technical standard is applied or what the objective(s) of the related GAAP rules are attempting to address or other questions as set forth under each topic.

Transfer of Receivables FASC 860-10 As the new staff person in your company's treasury department, you have been asked to conduct research related to a proposed transfer of receivables. Your supervisor wants the authoritative sources for the following items that are discussed in the securitization agreement. Access the FASB Codification athttp://asc.fasb.org/home to conduct research using the Codification Research System to prepare responses to the following items. Provide Codification references for your responses. (a) Identify relevant Codification section that addresses transfers of receivables. (b) Provide definitions for the following:(i) Transfer(ii) Recourse(iii) Collateral (c) Provide other examples (besides recourse and collateral) that qualify as continuing involvement.