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intermediate accounting On December 1st, XYZ Company factored ( $ 500,000 ) worth of receivables to Commercial Factors, Inc. Commercial Factors assessed a finance charge
intermediate accounting On December 1st, XYZ Company factored \( \$ 500,000 \) worth of receivables to Commercial Factors, Inc. Commercial Factors assessed a finance charge equal to \( 5 \% \) of the receivables. XYZ Company 2 answers
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