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How much loss on factoring is to be recognized

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Problem - On January 1, 2020,. Janus Corporation sold P900,000 accounts receivable, with allowance of P530300, in a casual case. The entity received P?00,000 from the sale.

1. How much is the loss on factoring?

2. In the event that P200,000 of the accounts cannot be collected by the buyer, how much loss on factoring is to be recognized?

Reference no: EM132987940

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