In Recording the Sale of Accounts Receivable the Commission Charged

question 223

Multiple Choice

In recording the sale of accounts receivable the commission charged by a factor is recorded as

• A) Bad Debt Expense.
• B) Commission Expense.
• C) Loss on Sale of Receivables.
• D) Service Charge Expense.

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Definitions:

Straight Line

A geometric figure formed by a set of points in a fixed linear relationship, extending infinitely in both directions.

Variable

In economic and mathematical contexts, a variable is an element, feature, or factor that is liable to vary or change.

Infinite Slope

A mathematical concept where a line or curve on a graph approaches a vertical position, indicating a very steep, immeasurable change.

Curve

A smooth, continuous line or path that is not straight, often used in mathematics and economics to represent relationships between variables.