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Business, 12.05.2021 02:30 ramirezmarco1593

Bramble Corp. factors $3250000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 9% of the accounts receivable for possible adjustments. Bramble estimates the fair value of the recourse liability at $300000. What would be the debit to Cash in the journal entry to record this transaction

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Bramble Corp. factors $3250000 of its accounts receivables without recourse for a finance charge of...

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