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Ronda's Corporation factored (sold) a two month 12% $3,000 note to a collection agency (Bridge's Inc.) for $3,030 one month after issuance. Which of the
Ronda's Corporation factored (sold) a two month 12% $3,000 note to a collection agency (Bridge's Inc.) for $3,030 one month after issuance. Which of the following statements is true with regards to this transaction?
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Managerial Accounting Tools For Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
5th Canadian Edition
