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Bucket Head Industries needs some cash to meet its obligation for current liabilities. Bucket Head has $1,000,000 of accounts receivables which it can use to

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Bucket Head Industries needs some cash to meet its obligation for current liabilities. Bucket Head has $1,000,000 of accounts receivables which it can use to generate some cash. The receivables can be either assigned or factored. Make the entry or entries under cach of the two possible alternatives below: A. Bucket Head factors $500,000 of the accounts receivables and receives 95% of the face value of the receivables factored

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