When Should a Transfer of Receivables Be Recorded as a Sale

Multiple Choice

When should a transfer of receivables be recorded as a sale?

A) The transferred assets are isolated from the transferor.
B) The transferor does not maintain effective control over the transferred assets through an agreement to repurchase or redeem them prior to their maturity.
C) The transferee has the right to pledge or exchange the transferred assets.
D) All of these answers are correct.