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If receivables are sold with recourse: Question 3 options: ...

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Question

Accounting

If receivables are sold with recourse:

Question 3 options:

a) allowance for doubtful accounts must be debited

b) the seller guarantees payment to the purchaser of the customer fails to pay

c) the purchaser must record a debit to retained earnings

d) the seller does not guarantee payment to the purchaser if the customer fails to pay

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