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1. CMA Company factored P2,500,000 of accounts receivable with a finance company. The factoring fee was 5% of the accounts purchased. the finance company withheld
1. CMA Company factored P2,500,000 of accounts receivable with a finance company. The factoring fee was 5% of the accounts purchased. the finance company withheld 10% of the purchase price to cover sa...
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
1118334329, 978-1118334324
