When a transfer of economic assets is accounted for to be a secured borrowing, the transferor carries on to report the transferred belongings on its stability sheet. ASC 860-thirty prescribes how the transferred economic belongings (the "noncash collateral") must be noted by each party. The borrower’s assets on its harmony https://juliusatsoi.qodsblog.com/36628511/details-fiction-and-860-cash