How should a sale and repurchase agreement be accounting for if the intent is to obtain funding for equipment? (A) The sale agreement should be accounted as a sale when the sale has occurred and the repurchase should be accounted as a purchase at the time of the repurchase. (B) The two transactions should be both recorded as a sale and purchase simultaneously when the agreements are signed. (C) The two transactions should be both recorded as a sale and purchase simultaneously when the two transactions are completed. (D) The agreements should be accounted for as a collateralized loan