. Which of the following is an example of off-balance sheet finance? (a) The unconditional sale of...

Question:

. Which of the following is an example of off-balance sheet finance?

(a) The unconditional sale of a building to an unrelated company.

(b) Borrowing on overdraft from a bank.

(c) Borrowing secured on assets reported on the statement of financial position

(balance sheet).

(d) The sale and leaseback of a building which continues to be used by the company.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9781292244471

8th Edition

Authors: Pauline Weetman

Question Posted: