Answer:
The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.
Explanation:
The code for transfer of receivable provisions, allows creditor of a debt to have the right to transfer his/ her receivable right to another person, provided that the transaction is permitted by the law/ contract nature of business. Transfer of receivables permit the third person/ party to be included in the relationship that exist between debtor and creditor, and this allows him/ her to near the title of creditor.The receivable must be an existing one before the receivable transfer can be possible. It should be noted that for transfer of receivables be recorded as a sale, The transferor does not maintain effective control over the transferred financial asset or third party beneficial interest in the asset.
Answer:
The answer is D, 25%
Explanation:
I just took the quick check
Answer and Explanation:
As per the data given in the question,
Journal entries on July 1 and Dec. 31,2021
July-01 Investment in bonds A/C Dr. $300 million
Premium on bonds A/c Dr. $40 million
To Cash A/c $340 million
Dec-31 Cash A/c Dr. $10.5 million
($300 × 3.5%)
To Premium on bonds A/c $2.00 million
To Interest Revenue A/c $8.5 million
($340 × 2.5%)
One buyer, many sellers and no close substitutes
usually this won't have an exact example to match all the requirement
so, try get those small company as the example of your answer
Answer:
A market economy functions under the laws of supply and demand. It is characterized by private ownership, freedom of choice, self-interest, optimized buying and selling platforms, competition, and limited government intervention.
