Wall street journal indicating that companies
Wall Street Journal indicating that companies are selling their receivables at a record rate. Discuss the reasons why a company may want to sell its receivables and the advantages and disadvantages of this practice.
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On January 1, 2012, Morgan Company acquires $350,500 of Nicklaus, Inc., 9% bonds at a price of $333,370. The interest is payable each December 31, and the bonds mature December 31, 2014.
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