Statement of Cash Flows by Tom Klammer

Author:Tom Klammer
Language: eng
Format: epub
ISBN: 9781119509011
Publisher: Wiley
Published: 2018-02-01T00:00:00+00:00

In 20X0, XSS Company began selling certain of its loans receivable subject to limited recourse. XSS Company collects proceeds from the loans and transfers principal collected plus yield based on defined short-term market rates to the buyers. In 20X2 and 20X1, XSS Company sold $240 million and $575 million, respectively. At December 31, 20X1, and December 31, 20X0, the balance of sold loans receivable that had not been collected was $578 million and $546 million, respectively. In the event of a change in control of XSS, as defined in the agreement, XSS may be required to provide cash collateral in the amount of the uncollected loans receivable to assure compliance with the limited recourse provisions.

20X2

20X1

20X0

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