Adjustments for account receiveables

CFA Level I
#1

Hi all, What are all the adjustments done on all the financial statements that would require adjustments when a company has sold A/R with recourse? Thanks S

#2

increase CL and CA by the amount sold, and the difference gets charged to IE, I believe that is how it’s done by not 100% could someone verify pls?

#3

Sorry duplicated, please look at http://www.analystforum.com/phorums/read.php?11,747636

#4

Blocked

#5

gettedone that sounds about right