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QUESTION 11 True or False: If ABC Company sells receivables to a bank with recourse, ABC must estimate and record the fair value of any

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QUESTION 11 True or False: If ABC Company sells receivables to a bank with recourse, ABC must estimate and record the fair value of any recourse liability, because ABC effectively guarantees that the bank will be paid, even if some of the receivables sold to the bank prove to be uncollectible. True False h

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