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Business, 18.02.2020 21:55 tinamarie04ts

On April 1, Keder, Inc. factored $90,000 of its accounts receivable without recourse. The factor retained 8% of the accounts receivable as an allowance for sales returns and charged a 4% commission on the gross amount of the factored receivables. What amount of cash did Keder receive from the factored receivables?A. trueb. false

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On April 1, Keder, Inc. factored $90,000 of its accounts receivable without recourse. The factor ret...
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