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Use the following information for questions 19 and 20. 1, 2015, Henson Company factored receivables with a carrying amount of 300,000 to Agee Company. Agee

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Use the following information for questions 19 and 20. 1, 2015, Henson Company factored receivables with a carrying amount of 300,000 to Agee Company. Agee Company assesses a finance charge of 3% of the receivables and retains 5%,of the receivables. Relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of Henson Company for February. A NVH 19. Assume that Henson factors the receivables on a without guarantee (recourse) basis. The loss to be reported is A. o B. 9,0o0. C. 15,000. D. 24,000. o. Assume that Henson factors the receivables on a with guarantee (recourse) basis. The amount of cash received is A. 285,00o. B. 276,000. C. 291,000. D. 300,000

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