QUESTION 2 If a company sells its accounts receivables to a factor O a. there is a gain on the sale of the receivables. O b. the seller of the A/R pays a fee to the factor. O c. the factor pays a fee...

QUESTION 2<br>If a company sells its accounts receivables to a factor<br>O a. there is a gain on the sale of the receivables.<br>O b. the seller of the A/R pays a fee to the factor.<br>O c. the factor pays a fee to the seller of the A/R.<br>O d. the seller defers recognition of sales revenue until the account is collected by the factor.<br>

Extracted text: QUESTION 2 If a company sells its accounts receivables to a factor O a. there is a gain on the sale of the receivables. O b. the seller of the A/R pays a fee to the factor. O c. the factor pays a fee to the seller of the A/R. O d. the seller defers recognition of sales revenue until the account is collected by the factor.

Jun 01, 2022

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QUESTION 2 If a company sells its accounts receivables to a factor O a. there is a gain on the sale of the receivables. O b. the seller of the A/R pays a fee to the factor. O c. the factor pays a fee...

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