When a company has an obligation or right to repurchase an asset for an amount greater than or equal to its selling price, the transaction should be treated as a:
a. outright sale.
b. financing transaction.
c. repurchase transaction.
d. put option.
Ans: b. financing transaction.
Business
You might also like to view...
A job analysis ________
A) establishes hiring quotas for different protected groups B) ensures that equal numbers of all protected groups are in a firm's workforce C) determines a job's entry requirements D) is generated by an affirmative action plan
Business
Dennis sells a motorcycle to Elton without disclosing that the odometer, which reads 10,000 miles, was disconnected 100,000 miles ago. Dennis is most likely liable for
A) fraudulent misrepresentation. B) undue influence. C) mistake. D) duress.
Business