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In this tutorial, the concept of repurchase agreements (repos) is explained. A repo agreement involves one party selling an asset, such as inventory, to another for cash and agreeing to buy it back later at a higher price. For example, if an item is sold for $100, the seller plans to repurchase it for $106. This arrangement is not merely a sale; instead, it functions as a borrowing transaction, where the seller receives the cash upfront and pays a fee (the difference in price) later. Understanding repos is crucial for revenue recognition, as it helps clarify the nature of financial transactions and ensures accurate reporting by companies.
