dominion
19-05-08, 08:16 PM
Kindly clarify the issue of recognition of financial asset if all risks and rewards are retained by the seller. In the GTG text pg C38 - Test yourself 3 part (A) states that no other rights & obligations are retained by Matrix, the answer says to recognise the asset in the F/S.
Also please explain the answers to pt c & d of the same question pg C-38.
Also please explain the answers to pt c & d of the same question pg C-38.