Question: A company with $ 200,000 in receivables could sell them for $ 169,000 without recourse or for $ 195,000 with recourse. What do the terms

A company with $ 200,000 in receivables could sell them for $ 169,000 without recourse or for $ 195,000 with recourse. What do the terms “with recourse” and “without recourse” mean? Why is the “without recourse” alternative more expensive? How could the transfer be recorded?

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