If a Retailer Regularly Sells Its Receivables to a Factor

question 7

Multiple Choice

If a retailer regularly sells its receivables to a factor the service charge of the factor should be classified as a(n)

• A) selling expense.
• B) interest expense.
• C) other expense.
• D) contra asset.

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Definitions:

Self-defeating

Behavior patterns that ultimately undermine one's own goals or desires, often resulting from low self-esteem or negative self-perception.

Rational Functions

A type of mathematical function that expresses a ratio of two polynomial functions.

Thinking

The process of considering or reasoning about something, involving cognitive functions such as perception, memory, judgment, and reasoning.

Feeling

An emotional state or reaction, which can involve physical and psychological changes in response to a trigger.