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4. When accounts receivable are factored a. Accounts receivable shall be credited b. Payable to factor Is credited C. A contingent liability is ordinarily created
4. When accounts receivable are factored a. Accounts receivable shall be credited b. Payable to factor Is credited C. A contingent liability is ordinarily created d. The factoring is accounted for as ...
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele
10th edition
9780077515904, 007802529X, 77515900, 978-0078025297
