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3 years ago

E7-16 (Transfer of Receivables with Recourse) Beyoncé Corporation factors $175,000 of accounts receivable

Business

1 answer:

alukav5142 [94]3 years ago

5 0

Answer:

a. Transfer or receivables with recourse should be recorded as a sale only when the following conditions are met:

The future economic benefits of the receivables have been surrendered by the transferor.
The transferor's obligation under the recourse provision can be reasonably estimated.
The transfer can require the transfer to repurchase the receivables.

b. attached as a dcoument of excel.

Explanation:

Entry journal corporation for beyonce Corporation in document attached.

Download xlsx

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<h3>What is total revenue?</h3>

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<h3>Question Completion: </h3>

Online Self Study Certifications for Social Work License

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TR Counseling TR Group Home TR Bundle Segment 1 1000 $190 $70 $260

Segment 2 1000 $150 $90 $240

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Segment 4 1000 $35 $195 $230

Required:

At what individual price would the revenue be maximized for the Certification in Online Counseling?

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