If Congress adheres to a conservative economic policy, which of the following measures would it most likely employ during an economic recession? Choose 1 Choose 1 (Choice A) A Legislation to increase corporate income tax rates and increase regulation of the economy (Choice B) B A constitutional amendment that progressively increases income taxes for the top 10% of earners in the United States (Choice C) C A constitutional amendment that creates a federal tax on assets like homes and cash after a person dies (Choice D) D Legislation to reduce regulations on the operation of small businesses

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.