Explain any possible differences between accounting for an account receivable factored with recourse compared with one factored

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Explain any possible differences between accounting for an account receivable factored with recourse compared with one factored without recourse.

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Intermediate Accounting

ISBN: 9781259722660

9th Edition

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

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Question Posted: Jul 02, 2013 05:21 AM

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Explain any possible differences between accounting for an account receivable factored with recourse compared with one factored

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The accounting treatment of receivables factored with recourse depends on whether certain crite...View the full answer

Intermediate Accounting

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