Of the Following Conditions, Which Is the Only One That

question 30

Multiple Choice

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 effort to identify those receiv?ables that are uncollectible.
• B) The transferor surrenders control of the future economic benefits of the receivables.
• C) The transferee cannot require the transferor to repurchase the receivables.
• D) The transferor's obligation under the recourse provisions can be reasonably estimated.

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Definitions:

Deviant Behavior

Refers to actions that deviate from the social norms, values, or ethics of a given society.

Homicide

The act of one human killing another, which can range from unintentional manslaughter to premeditated murder.

Social Integration

The process by which individuals or groups are incorporated into the social structure and culture of a community or society.

Social Regulation

The mechanisms, processes, and rules established by a society to maintain order and prescribe behavior.