Business, 12.10.2021 15:00 bankscorneliuso39
Concord Incorporated factored $150,700 of accounts receivable with Engram Factors Inc. on a with recourse basis. Engram assesses a 2% finance charge of the amount of accounts receivable and retains an amount equal to 7% of accounts receivable for possible adjustments. Prepare the journal entry for Concord to record the sale, assuming that the recourse liability has a fair value of $7,680
Answers: 2
Another question on Business
Business, 21.06.2019 13:00
Shereen has accidentally overdrawn her checking account this month. , she has a little money in savings and can cover costs for now, but she has to find a way to reduce her monthly spending. which strategy will not shereen reduce her monthly expenses?
Answers: 1
Business, 22.06.2019 11:30
Marta communications, inc. has provided incomplete financial statements for the month ended march 31. the controller has asked you to calculate the missing amounts in the incomplete financial statements. use the information included in the excel simulation and the excel functions described below to complete the task
Answers: 1
Business, 22.06.2019 21:50
Labor unions have used which of the following to win passage of favorable laws such as shorter work weeks and the minimum wage? a. strikes b. collective bargaining c. lobbying d. lockouts
Answers: 1
Business, 23.06.2019 02:00
Present values. the 2-year discount factor is .92. what is the present value of $1 to be received in year 2? what is the present value of $2,000? (lo5-2)
Answers: 3
You know the right answer?
Concord Incorporated factored $150,700 of accounts receivable with Engram Factors Inc. on a with rec...
Questions
English, 10.06.2020 02:57
Mathematics, 10.06.2020 02:57
SAT, 10.06.2020 02:57
Chemistry, 10.06.2020 02:57
Mathematics, 10.06.2020 02:57
Mathematics, 10.06.2020 02:57
