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Business, 29.03.2021 19:50 cierra3678

On April 1 of the current year, Troubled Company factored receivables with a carrying value of $85,000 for $60,000 in cash from Scrooge Lenders. The transfer was made without recourse. The arrangement also includes a factoring fee equal to 4% of the total factored amount. On April 1, Troubled would:

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On April 1 of the current year, Troubled Company factored receivables with a carrying value of $85,0...

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