d . None of these .
Use the following information for questions 35 and 36 .
During 2012 Carne Corporation transferred inventory to Nolan Corporation and agreed to repurchase the merchandise early in 2013 . Nolan then used the inventory as collateral to borrow from Norwalk Bank , remitting the proceeds to Carne . In 2013 when Carne repurchased the inventory , Nolan used the proceeds to repay its bank loan .
35 . This transaction is known as a ( n )
a . consignment .
b . installment sale .
c . assignment for the benefit of creditors .
d . product financing arrangement .