Use the Following Information for Questions

question 62

Multiple Choice

Use the following information for questions.
On February 1, 2010, Henson Company factored receivables with a carrying amount of $300,000 to Agee Company.Agee Company assesses a finance charge of 3% of the receivables and retains 5% of the receivables.Relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of Henson Company for February.
-Assume that Henson factors the receivables on a without guarantee (recourse) basis.The loss to be reported is

• A)$0.
• B)$9,000.
• C)$15,000.
• D)$24,000.

Identify the characteristics of skilled knowledge workers and their role in the economy.

Comprehend the impact of technology on workforce coordination and virtual teams.

Understand the dynamics of the labor market, including changes in employment trends and labor force composition.

Grasp the significance of cultural diversity management in contemporary workplaces.

---

Definitions:

Lignin

Material that strengthens cell walls of vascular plants.

Stomata

Small openings on the surfaces of plant leaves and stems that facilitate gas exchange.

Vascular Tissue

Specialized tissue in plants that is responsible for the transport of water and nutrients throughout the plant body.

Ground Tissue

Plant tissue that makes up the bulk of the plant body, involved in photosynthesis, storage, and support, excluding the vascular and dermal tissues.