Mary andrews, inc. had the following transactions:

cash proceeds on sale of land $430,000
cash proceeds on sale of equipment 140,000
purchase of treasury stock with cash 53,000
purchase of equipment with cash 48,000
issuance of common stock for cash 70,000

on a statement of cash flows prepared under the indirect method, net cash provided by investing activities is:

a. $543,000.
b. $495,000.
c. $590,000
d. $565,000.

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.