Top Posters
Since Sunday
g
3
3
2
J
2
p
2
m
2
h
2
s
2
r
2
d
2
l
2
a
2
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
hello there hello there
wrote...
Go to Answer
Posts: 273
Rep: 0 0
5 years ago
Which of the following is true when accounts receivable are factored without recourse?
A) The receivables are used as collateral for a promissory note issued to the factor by the owner of the receivables.
B) The financing cost (interest expense) should be recognized ratably over the collection period of the receivables.
C) The factor assumes the risk of collectibility and absorbs any credit losses in collecting the receivables.
D) The transaction may be accounted for either as a secured borrowing or as a sale, depending upon the substance of the transaction.
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
Read 19 times
3 Replies
Replies
Answer verified by a subject expert
nhoclocnhocloc
wrote...
#1
Posts: 185
Rep: 28 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

hello t. Author
wrote...
#2
5 years ago
Literally the most helpful website ever
wrote...
#3
5 years ago
Monkey
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1112 People Browsing
 116 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 598
  
 2764
  
 327
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 431
Previous poll results: Who will win the 2024 president election?