Manometer Company sells accounts receivable of $10,000 to Eck Bank for $9,000 in cash. The sale does not qualify for derecognition of a financial asset. As a result, Manometer's balance sheet will be different in which of the following ways?

a. $1,000 more in assets than under derecognition.

b. $9,000 more in assets than under derecognition.

c. $9,000 more in liabilities than under derecognition.

d. $10,000 less in equity than under derecognition.

Answer rating: 100% (QA)

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