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On February 1, 2014, Henson Company factored receivables with acarrying amount of $500,000 to Agee Company. Agee Company assessesa finance charge of 3% of the

On February 1, 2014, Henson Company factored receivables with acarrying amount of $500,000 to Agee Company. Agee Company assessesa finance charge of 3% of the receivables and retains 5% of therecei 2 answers

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