When is a company required to use the liquidation basis of accounting to be in conformity with U.S. GAAP?

A firm decides to sell a pool of receivables to a factor with recourse (i.e. the firm selling the receivables must make payment to the buyer of the receivables in the event that the party that originally owes the money does not pay).  Under Current U.S. GAAP, which of the following statements is (are) true: A. The firm selling the receivables is prohibited from reporting any                            Gain or Loss on the sale.   B. Any cash received from such a transaction must be reported in the                             Financing Section of the Statement of Cash Flows.     C. Both Statements A & B are true.   D. None of the above statements are true.

What is the accounting treatment of goodwill under the International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP)?

What does it take for a redemption to be qualified as the results of a partial liquidation?