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NO.PZ202208300100000104问题如下If Barm creates a specipurpose entity rather thborrowing against its receivables, whiof mingues’ comments is most accurate? Comment:A.1B.2C.3SolutionA is correct. Barm’s cost of borrowing through the SPE is likely to crease, because the SPE is bankruptremote from Barm, anthe lenrs will have a reclaim on the receivables, thus allowing the SPE to borrow preferrerates.B is incorrect. Barm’s accounts receivable will crease €75M, while its cash will increase €70M (€75M cash from the sale of receivables less €5M to set up the SPE). After consolition, those changes are reverseanthe consolitebalansheet will inticto the balansheet unr receivables borrowing.C is incorrebecause both IFRS anUS GAwill require the SPE to consoliteinto Barm’s balansheet. The result is ththe consolitebalansheet will inticto the balansheet unr receivables borrowing, anthere will no change in the ratios.直融 Cash增加 AR减少，curren asset没变。SPE, cash增加。所以 第二个 和直接融资相比 SPE current asset 确实增加了呀

NO.PZ202208300100000104 问题如下 If Barm creates a specipurpose entity rather thborrowing against its receivables, whiof mingues’ comments is most accurate? Comment: A.1 B.2 C.3 SolutionA is correct. Barm’s cost of borrowing through the SPE is likely to crease, because the SPE is bankruptremote from Barm, anthe lenrs will have a reclaim on the receivables, thus allowing the SPE to borrow preferrerates.B is incorrect. Barm’s accounts receivable will crease €75M, while its cash will increase €70M (€75M cash from the sale of receivables less €5M to set up the SPE). After consolition, those changes are reverseanthe consolitebalansheet will inticto the balansheet unr receivables borrowing.C is incorrebecause both IFRS anUS GAwill require the SPE to consoliteinto Barm’s balansheet. The result is ththe consolitebalansheet will inticto the balansheet unr receivables borrowing, anthere will no change in the ratios. 合并完， cash增加，liability增加。