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Which predetermined amount withheld by a factor

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Reference no: EM132778146

Problem 1: A predetermined amount withheld by a factor as a protection against customer returns, allowances and other special adjustments.

A. service charge
B. equity in assigned accounts
C. factor's holdback
D. loss on factoring

Problem 2: Subsequent to initial recognition, a loan receivable shall be measured at

A. Cost
B. Amortized cost using the straight line method
C. Amortized cost using the effective interest method
D. Fair value

Reference no: EM132778146

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