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Green factored a trade receivable balance totalling 600,000 to a debt factor on 1 January 20X6 in a without recourse agreement. Green has derecognised the
Green factored a trade receivable balance totalling 600,000 to a debt factor on 1 January 20X6
in a without recourse agreement.
Green has derecognised the full amount of the 600,000 receivables balance.
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Briefly explain whether this treatment is correct.
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