Carie Corp. enters into an arrangement with Wilson Enterprises whereby Wilson will assume $100,000 of Carie’s receivables for a 6% fee. These receivables have a related allowance for uncollectible accounts of $3,500. If Carie estimates the recourse obligation to be $4,000, which one of the following statements is true regarding the impact to Carie\\\'s financial statements? 

a) Net income on the income statement will decrease by $6,500. 

b) Liabilities on the balance sheet will increase by $6,000 

c) Total assets on the balance sheet will decrease by $6,500 

d) Equity on the balance sheet will increase by $6,000

Answer rating: 100% (QA)

From the details it may be concluded that option b is the correct answer This is because to is that ... View the full answer