46 of 50 View Policies Current Attempt in Progress -/1 E Bramble Corp. factors $3100000...
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Accounting
46 of 50 View Policies Current Attempt in Progress -/1 E Bramble Corp. factors $3100000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 8% of the accounts receivable for possible adjustments. Bramble estimates the fair value of the recourse liability at $320000. What would be the debit to Cash in the journal entry to record this transaction? O $2408000. O $2728000. O $3100000. O $2976000
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