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Which of the following is FALSE regarding the sale of an accounts receivable? It is also called factoring It can be done with our without
Which of the following is FALSE regarding the sale of an accounts receivable?
It is also called "factoring"
It can be done with our without recourse.
The difference between the balance of the receivables sold and the amount actually collected is recorded as Interest Expense.
Three conditions must be met before a company can consider the receivables sold.
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Financial Accounting The Impact On Decision Makers An Alternative To Debits And Credits
Authors: Gary A. Porter, Curtis L. Norton
3rd Edition
0030335639, 978-0030335631
