FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a company sells its accounts receivables to a factor O there is a gain on the sale of the receivables. O the seller pays

If a company sells its accounts receivables to a factor O there is a gain on the sale of the receivables. O the seller pays a commission to the factor. O the seller defers recognition of sales revenue until the account is collected O the factor pays a commission to the seller

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Managerial Accounting

Authors: John J. Wild, Ken W. Shaw

2010 Edition

9789813155497, 73379581, 9813155493, 978-0073379586

More Books

Students also viewed these Accounting questions

Question

If a company sells its accounts receivables to a factor O there is a gain on the sale of the receivables. O the seller pays a commission to the factor. O the seller defers recognition of sales...

Answered: 1 week ago

Question

So there were some changes in "Kieso intermediate accounting 15th edition"chapter 18 (revenue recognition). Is the test bank the same as before? If not when and what year did the update occur? Please...

Answered: 1 week ago

Question

plz answer below question. need highligh ANSWER in RED HAVE TO have at least 93% correct. otherwise answer will be deny. Question 1 of 50 COSO is sponsored by all of the following organizations,...

Answered: 1 week ago

Question

★★★★★
How can your knowledge of meat and meat cookery be used to understand protein substitutions for vegan dishes, such as tofu, texturized soy protein, grains, or beans?

Answered: 1 week ago

Question

★★★★★
Determine the horizontal and vertical component of reaction at pins A andC. 150 Ib 100 Ib -2 ft 2 f 45

Answered: 1 week ago

Question

★★★★★
Enabling Technologies the Americans with Disabilities Act prohibits discrimination based on disability about public accommodations and commercial facilities. This act has been interpreted to include...

Answered: 1 week ago

Question

★★★★★
Create two examples of machine learning projects: (1) where project management is necessary and (2) where project management is not necessary. Explain what the differences in the projects are and why...

Answered: 1 week ago

Question

★★★★★
The following income statement applies to Kawai Company for the current year: Income Statement Sales revenue (200 units $60).................................................$12,000 Variable cost...

Answered: 1 week ago

Question

★★★★★
On January 1, Kirk Corporation had total assets of $863,000. During the month, the following activities occurred: Kirk Corporation acquired equipment costing $7,300, promising to pay cash for it in...

Answered: 1 week ago

Question

★★★★★
Applied vs . Actual Manufacturing Overhead Davis Manufacturing Corporation applies manufacturing overhead on the basis of 1 5 0 % of direct labor cost. An analysis of the related accounts and job...

Answered: 1 week ago

Question

★★★★★
En una conciliacin bancaria, los depsitos en trnsito son: a. aadido al saldo bancario. b. descontado del saldo bancario. C. aadido al saldo contable. d. descontado del saldo contable.

Answered: 1 week ago

Question

★★★★★
The Accidental Bank Robbery Case Study 1. Identify the ethical issues 2. Define possible alternatives 3. Explain the ethics of each alternative 4. What are possible constraints of each alternative?...

Answered: 1 week ago

Question

★★★★★
Design and develop an organizational learning strategy Using the feedback that you received from CEO at the meeting as well as the information you researched and evaluated for your report, create...

Answered: 1 week ago

Question

★★★★★
Fresh Groceries is a chain of supermarkets in Victoria, Australia. The vision of this company is to cater for the various groceries, fresh produce, and deli needs of the Victorian population. To do...

Answered: 1 week ago

Question

★★★★★
FashionValet, a homegrown ecommerce platform in Malaysia, recently caused a stir with the announcement that it will be shutting down. The statement on its website read: "As they say, all good things...

Answered: 1 week ago

Question

★★★★★
1. What is the one-year real rate of return (in %) if you invested in a diversified portfolio of common stocks which produced a 11.45 % nominal return and the rate of inflation for the year was...

Answered: 1 week ago

Question

★★★★★
What is the partial pressure (in psia and kPa) of carbon dioxide in a normal atmosphere if the CO2 concentration is 400 ppmV?

Answered: 1 week ago

Question

★★★★★
Compile data on consumption and expenditures for the following categories in 30 different countries: (1) food and beverages, (2) clothing and footwear, (3) housing and home operations, (4) household...

Answered: 1 week ago

Question

★★★★★
4. What is collectivism, and how is it different from individualism?

Answered: 1 week ago

Question

★★★★★
If you say, I am Catholic, which part of your identity are you revealing?

Answered: 1 week ago

Question

★★★★★
Happiness Many psychologists believe that each individual has a happiness set point, a general level of happiness to which he or she usually returns. This suggests that some people are simply happier...

Answered: 1 week ago

Previous Question Next Question