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3. How should Hogan account for the accounts receivable factored on August 1, 2016? Why? 4. How should Hogan report the effects of the interestbearing

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3. How should Hogan account for the accounts receivable factored on August 1, 2016? Why? 4. How should Hogan report the effects of the interestbearing notes receivable in its December 31, 2016, balance sheet and its income statement for the year ended December 31, 2016? Why

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