Business, 05.08.2021 18:40 briannag0808

Vaughn Corporation factored, with recourse, $205000 of accounts receivable with Ayayai Financing. The finance charge is 4%, and 6% was retained to cover sales discounts, sales returns, and sales allowances. Vaughn estimates the recourse obligation at $4900. What amount should Vaughn report as a loss on sale of receivables

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Vaughn Corporation factored, with recourse, $205000 of accounts receivable with Ayayai Financing. Th...

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