On february 1, 2020, sheridan company factored receivables with a carrying amount of $71 to pharoah company. pharoah company assesses a finance charge of 4% of the receivables and retains 6% of the receivables. relative to this transaction, you are to determine the amount of loss on sale to be reported in the income statement of sheridan company for february. assume that sheridan factors the receivables on a with recourse basis. the recourse obligation has a fair value of $3500. the loss to be reported is

Andrew cooper decides to become a part owner of a corporation. as a part owner, he expects to receive a profit as payment because he has assumed the risk of - serious inflation eroding the purchasing power of his investment.- being paid before the suppliers and employees are paid.- losing his home, car, and life savings.- losing the money he has invested in the corporation and not receiving profits.- the company giving all of the profits to local communities

Materials purchases (on credit). direct materials used in production. direct labor paid and assigned to work in process inventory. indirect labor paid and assigned to factory overhead. overhead costs applied to work in process inventory. actual overhead costs incurred, including indirect materials. (factory rent and utilities are paid in cash.) transfer of jobs 306 and 307 to finished goods inventory. cost of goods sold for job 306. revenue from the sale of job 306. assignment of any underapplied or overapplied overhead to the cost of goods sold account. (the amount is not material.) 2. prepare journal entries for the month of april to record the above transactions.

Which of these is not a result of regular exercise