If a Retailer Regularly Sells Its Receivables to a Factor

question 107

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:

Diagnostic Overshadowing

The problem of attributing emotional and behavioural difficulties of people with intellectual disability to the developmental disorder, causing real psychiatric disorders to be missed. The fact is that such people can develop all types of psychiatric disorders, including less common ones.

Neurodevelopmental Disorder

A group of conditions that impair the growth and development of the brain or central nervous system.

Deviant Behaviours

Actions or behaviors that violate societal norms or expectations, potentially eliciting disapproval or sanctions.

Dignity of Risk

The concept that allowing individuals, particularly those with disabilities, the right to take certain risks is crucial for their empowerment and autonomy.