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Business, 04.04.2020 02:02 JERosa12356
At the end of June, the Marquess Company factored $200,000 in accounts receivable with Homemark Finance. The transfer is made without recourse. Homemark charges a fee of 3% of receivables factored. During July, $150,000 of the factored receivables are collected. What amount of loss on sale of receivables would Marquess record in June?
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At the end of June, the Marquess Company factored $200,000 in accounts receivable with Homemark Fina...
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