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Ivanhoe Ltd. prepared an aging of its accounts recelvable at December 31,2023 and determined that the ret realizable value of the receivables was $313200. Additional
Ivanhoe Ltd. prepared an aging of its accounts recelvable at December 31,2023 and determined that the ret realizable value of the receivables was $313200. Additional information for calendar 2023 follows: For the year ended December 31.2023 , wanhoes lost on impsiment should be $24840 $20000 $17280 $15120 If receivables are used as collateral in borrowing transactions, a liability is reported on the borrowe's statement of financial position. the receivables will be reported as a liability. the transaction would be reported as assale. the receivables generally come under the control of the lender. Sheridan Ltd's allowance for expected credit losses was $96900 at the end of 2023 and $119700 at the end of 2022 . For the year ended December 31,2023 , Sheridan reported a loss on impairment of $20520 in its income statement, What amount did Sheridan debit to allowance for expected credit losses during 2023 to write off actual bad debts? $43320 $22800 $13680 $39501 On February 1, 2023, Oriole Corp. factored receivables with a carrying amount of $220000 to Skysong Inc. Skysong assessed a fnance charge of 3% of the receivables and retained 5% of the receivables. Assume that Oriole factors the reccivables on a with recourse bosi. The recourse obligation has a fair value of $880. What is the value of the hold back that would be Due from Factor? $880. $11000. $6600. $11880
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