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Zielflug [23.3K]
3 years ago
15

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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Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the first quarter’s pro
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Answer:

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Explanation:

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Total 251,747

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