👉 Redemption is a concept in accounting that refers to the process of converting an asset into cash or other resources through the sale, leaseback, exchange, or other means. It involves recognizing the transfer of an asset's value from its owner to another party, and then determining whether the transfer is economically equivalent to the cash flow it represents.
Redemption can be performed in several ways:
1.
Lease-back
: In a lease back transaction, the lessee agrees to return the leased asset at
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What is the definition of Redeemability? 🙋
