Create an account to track your scores
and create your own practice tests:
Flashcards: Receivables
On July 1, Year 10, Cabaret Corporation factored $80,000 of its accounts receivable without recourse to Playtime Company. Playtime retains 10% of the accounts receivable as an allowance for sales returns and charges a 5% commission on the gross amount of factored receivables. How much cash did Cabaret receive from factoring its receivables?
$80,000
$76,000
$72,000
$68,000
All CPA Financial Accounting and Reporting (FAR) Resources
Want to review CPA Financial Accounting and Reporting (FAR) but don’t feel like sitting for a whole test at the moment? Varsity Tutors has you covered with thousands of different CPA Financial Accounting and Reporting (FAR) flashcards! Our CPA Financial Accounting and Reporting (FAR) flashcards allow you to practice with as few or as many questions as you like. Get some studying in now with our numerous CPA Financial Accounting and Reporting (FAR) flashcards.
Colin
Certified Tutor
Certified Tutor
Cooper Union for the Advancement of Science and Art, Bachelor of Fine Arts, Fine and Studio Arts Management. The University o...
Popular Subjects
Calculus Tutors in Washington DC, Physics Tutors in Miami, Biology Tutors in Seattle, ACT Tutors in Phoenix, Biology Tutors in Washington DC, Calculus Tutors in Los Angeles, GRE Tutors in Washington DC, Math Tutors in San Diego, Calculus Tutors in San Francisco-Bay Area, Computer Science Tutors in Washington DC
Popular Courses & Classes
ACT Courses & Classes in Dallas Fort Worth, Spanish Courses & Classes in Phoenix, LSAT Courses & Classes in San Francisco-Bay Area, SAT Courses & Classes in Chicago, MCAT Courses & Classes in Boston, ACT Courses & Classes in San Francisco-Bay Area, Spanish Courses & Classes in Washington DC, GRE Courses & Classes in San Francisco-Bay Area, LSAT Courses & Classes in Chicago, GRE Courses & Classes in Phoenix
Popular Test Prep
MCAT Test Prep in Dallas Fort Worth, LSAT Test Prep in Houston, SAT Test Prep in Phoenix, GMAT Test Prep in Dallas Fort Worth, SSAT Test Prep in Los Angeles, GRE Test Prep in Chicago, ISEE Test Prep in New York City, MCAT Test Prep in Miami, LSAT Test Prep in San Francisco-Bay Area, SSAT Test Prep in Miami
