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E7-19B (Notes Receivable with Unrealistic Interest Rate) On December 31 2012 Tran Co. performed environmental consulting services for Hayden Co. Hayden was short of cash and Tran Co. agreed to accept a $100000 zero-interest-bearing note due December

E7-17B (Transfer of Receivables without Recourse) SYKES Corp. factors $100000 of accounts receivable with KTT Finance Corporation on a without recourse basis on July 1 2014. The receivables records are transferred to KTT Finance which will receive th

You are a staff accountant in a CPA firm. Your manager has asked you to provide a report containing accounting information on the following 3 clients:Global Inc.purchased a machine and incurred the following expenditures:Purchase price$20000Freight c

Centervale councilman Pete Parsimonious has received funding requests for two competing juvenile corrections boot camp programs and requires your assistance on how to evaluate program success through appropriate research. There is a general perceptio

E7-13B (Assigning Accounts Receivable) On April 1 2014 Somers Company assigns $200000 of its accounts receivable to Third National Bank as collateral for a $100000 loan due July 1 2014. The assignment agreement calls for Somers Company to continue to

E7-15B (Transfer of Receivables with Recourse) Strassner Corporation factors $262500 of accounts receivable with Sultanali Financing Inc. on a with recourse basis. Sultanali Financing will collect the receivables. The receivables records are transfer

E7-16B (Transfer of Receivables with Recourse) Grace Corporation factors $200000 of accounts receivable with Kelly Financing Inc. on a with recourse basis. Kelly Financing will collect the receivables. The receivables records are transferred to Kelly

Assignment 2: LASA 1Preliminary Strategic AuditThe end result of this course is developing a strategic audit. In this module you will outline and draft a preliminary framework for your final product. This provides the student with the opportunity to

Questions for Discussion1. Define externalities in consumption and production of goods and services. Why do they occur? What are examples of externalities in the health field? Explain why the presence of externalities will in the absence of some coll