Rag and drop the appropriate words to complete how the courts determine employee or independent contractor status a. how much does the employer exercise over the details of the work? b. is the worker engaged in an or business distinct from that of the employer? c. is the work usually done under the employer’s direction or by a without supervision? d. does the employer the tools at the place of work? e. for how long is the person ? f. what is the method of —by time period or at the completion of the job? g. what degree of is required of the worker?

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.