The cash proceeds from the sale of receivables, factoring fees and describe the way in which it would be reported by I Company in its financial statement, and describe its effect on receivable turnover ratio in future.

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Chapter 8, Problem 15ME

To determine

To compute: The cash proceeds from the sale of receivables, factoring fees and describe the way in which it would be reported by I Company in its financial statement, and describe its effect on receivable turnover ratio in future.

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