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Which of the following is not required for a transaction to be recorded as a sale of receivables? The factor discounts the amount remitted to
Which of the following is not required for a transaction to be recorded as a sale of receivables?
The factor discounts the amount remitted to the seller.
The receivables are isolated from the company selling them
The company selling the receivables does not maintain effective control over the receivables.
The factor can pledge the receivables.
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Financial Accounting and Reporting
Authors: Barry Elliott, Jamie Elliott
14th Edition
978-0273744535, 273744445, 273744534, 978-0273744443
