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On June 1, 2019 Allan Inc. factored $400,000 of accounts receivable with an outside company (BKK Ltd.) on a without recourse basis. BKK assessed a

On June 1, 2019 Allan Inc. factored $400,000 of accounts receivable with an outside company (BKK Ltd.) on a without recourse basis. BKK assessed a finance charge of 4% of the total accounts receivable...

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