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Receivable securitization
Problem 24, page 72 (FRA),it asks if after selling its receivables to an SPE that qualifies for consolidation, whether AR balance will be the after the sale or not (option C), which is correct because it still carries its A/R even though it sold it. But, option B, says it will have a higher cash balance, which is also true (see example on page 61. Is this an error? |
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