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A transaction should be treated as a(n) ________ when a company has an obligation or right to repurchase an asset for an amount greater than or equal to its selling price.
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A transaction should be treated as a(n) ________ when a company has an obligation or right to repurchase an asset for an amount greater than or equal to its selling price.

User Nick Anderegg
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4 votes

Answer:

Financial transaction

Step-by-step explanation:

Financial transaction states that when two-person as a buyer and seller doing agreement or committing to purchase of an asset for payment. It involves two or more people for interchange of an asset for example building, car, machinery, etc. It is also a term that asset can be repurchase by equal, or more than the selling price of an asset.

User GonchuB
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