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Last year, Toni purchased a $25,000 accounts receivable for $22,000. In 2015 Toni received $22,000...

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Accounting

Last year, Toni purchased a $25,000 accounts receivable for $22,000. In 2015 Toni received $22,000 in the settlement of this receivable. If her business is the factoring accounts receivables, how much can she deduct and in which year?

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