Question: A recourse obligation is the same thing as the Allowance for doubtful accounts. the difference between the book value of the accounts receivable and the

A recourse obligation is
the same thing as the Allowance for doubtful accounts.
the difference between the book value of the accounts receivable and the cash received.
the fair value of the sold receivables that may go bad.
the amount that the factor retains for potential noncollections.

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