king bird inc factors receivables wiht a carrying amount of 247900 to joffrey comapny fro 172700 on a with recourse basis. the recourse provision has a fair value of 1640. this transaction should be recorded as sale. Prepare the appropirate journal entry to reocrd this transaction on the books of kingbird inc

king bird inc factors receivables wiht a carrying amount of 247900 to joffrey comapny fro 172700 on a with recourse basis. the recourse provision has a fair value of 1640. this transaction should be recorded as sale. Prepare the appropirate journal entry to reocrd this transaction on the books of kingbird inc

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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