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What is the appropriate way to account for inventory sold under a repurchase agreement?

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What is the appropriate way to account for inventory sold under a repurchase agreement?

Answered Same Day Dec 22, 2021

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Robert answered on Dec 22 2021
127 Votes
What is the appropriate way to account for inventory sold under a repurchase
agreement?
A repurchase agreement is a type of loan whereby the seller of the goods agreed to buy
it back at a specified price and time.
When the seller promises to buy back goods at a specified price at a future...
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