From B’s standpoint, the transaction represents a reverse repurchase agreement for which an asset is recognized.) The crucial element conditions on the agreement are as follows: Entity A sells an agency MBS with a fair value of $10 million to B in return for $9.6 million of cash. ASC 860-thirty-twenty https://kamerondeged.ivasdesign.com/58631145/the-5-second-trick-for-860-cash