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On February 1 , 2 0 2 3 , Cullumber Corp.factored receivables with a carrying amount of$ 3 2 0 0 0 0 to Pharoah
On February Cullumber Corp.factored receivables with a carrying amount of$ to Pharoah lnc Pharoah assessed a fnance charge of of the receivables andretained of the receivables. Assume that Cullumber factors the receivables on a withrecourse basis. The recourse obligation has a fair value of $ What is the value of theholdback that would be Due from Factor?
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Survey of Accounting
Authors: Carl S Warren
5th Edition
9780538489737, 538749091, 538489731, 978-0538749091
