a company sells accounts receivable with recourse including the following information: the book...
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a company sells accounts receivable with recourse including the following information: the book value is the purchaser immediately pays of the factored amount, retaining the remainder to cover its fee of the total factored amount and to provide a cushion against potential sales returns. The company estimates the fair value of the remaining to be The company records a loss on the sale of What is the company's estimated recourse liability?
a company sells accounts receivable with recourse including the following information:
the book value is
the purchaser immediately pays of the factored amount, retaining the remainder to cover its fee of the total factored amount and to provide a cushion against potential sales returns.
The company estimates the fair value of the remaining to be
The company records a loss on the sale of
What is the company's estimated recourse liability?
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