f1 m4 Flashcards
1
Q
RED with optional Captain Asset
A
Recoverable Enhance and generate Direct related to contract with optional Capitalize it as Ass-ets
2
Q
Cost that should be recognized as assets if they meet
A
RED Captain Asset
3
Q
RIP
A
Responsibility
Inventory
Prices
4
Q
3 factors for agent vs principal
A
RIP
5
Q
FLuF
A
Forward option
Lease(less than original price)
Financial Arrangement (more than original selling price)
6
Q
ELSa
A
Economic interest
Lease
Sale with right of return
7
Q
Malaysian SoFa
A
Market value
Sale of return = less than market value
Financial arrangement = More than market value
8
Q
Bill Round Ice TU
bill clinton holding turkish flag and a round ice
A
Bill and hold agreement Reason Identifiable Transfer Use