Hello everyone,
I hope someone can help me:
Reading 21: Integration of Financial Statement Analysis Techniques
EOC quesiton 16:
Why would Assets have been higher?
I thought the whole point of the SPV is to transform Receivables into Cash.
So Assets are the same wether there is an SPV or not.
With SPV created: Cash is higher
Without SPV: Account Receivbale is higher.
Total Asset is the same in both cases.
Do you think this question is kinda weird?
Thanks a lot
I hope someone can help me:
Reading 21: Integration of Financial Statement Analysis Techniques
EOC quesiton 16:
Why would Assets have been higher?
I thought the whole point of the SPV is to transform Receivables into Cash.
So Assets are the same wether there is an SPV or not.
With SPV created: Cash is higher
Without SPV: Account Receivbale is higher.
Total Asset is the same in both cases.
Do you think this question is kinda weird?
Thanks a lot