Which of the Following Would Be Correct If a Company

question 38

Multiple Choice

Which of the following would be correct if a company factored $2,500,000 of receivables with a 2 percent fee?

• A)$2,450,000 credit to cash
• B)$50,000 debit to factoring fee expense
• C)$2,500,000 debit to accounts receivable.
• D)$50,000 debit to factoring fee receivable.

---

Definitions:

Hearing Loss

A partial or total inability to hear sounds in one or both ears, which can be temporary or permanent, and may affect quality of life.

Communicating Strategies

Techniques and methods used to convey information, thoughts, or feelings effectively to others.

Speak Loudly

The act of increasing one's voice volume to ensure audibility, especially in situations where background noise is present or when communicating with individuals with hearing difficulties.

Independent Functioning

The capacity of an individual to perform daily activities and make decisions without reliance on others.