Mini Corporation factored, with recourse, $ of accounts receivable with Huskie Financing. The agreement met all three conditions to be considered an
outright sale. Huskie advanced of the amount factored and retained the remainder to cover a finance fee to be remitted at the end of the agreement and
any sales returnsallowancesdiscounts The recourse obligation is estimated to be of accounts factored. Mini estimates the fair value of the final of the
receivables factored to be $
Determine the effect of this transaction on Mini's financial position: Use I for increased; D for decreased; or NE for No Effect. If there is an Effect, state
the dollar amount. Indicate the letter first, then the number. Do not space between the letter and number. Do not use commas. For example, if your answer is
"Decreased by $ enter D
Determine the effect on Assets:
Determine the effect on Total Liabilities
Determine the effect on Total StockHolders' Equity
