Based on the fact that 86% of existing genomic studies is ba…
Based on the fact that 86% of existing genomic studies is based on data collected from white Europeans some studies predict that results from genetic tests are four-and-a-half times less accurate in individuals of African than European descent, and people of on non-European ancestry are more likely to have their gene variants be incorrectly called rare when they are not, potentially leading to misdiagnosis.
Read DetailsAre the following statements true or false? Net accounts…
Are the following statements true or false? Net accounts receivable decreases when a company writes off a specific customer’s accounts receivable balance [1]. GAAP requires the allowance method is used for Accounts Receivables. [2] Factoring accounts receivables can be an effective tool for companies to manage cash flow [3] To calculate the present value of an interest bearing notes receivable issued at a discount, one must calculate the present value of the principal and the present value of the interest payments. [4]
Read DetailsWisconsin Corporation factors $500,000 of accounts receivabl…
Wisconsin Corporation factors $500,000 of accounts receivable to Red & White Factors. The receivables were sold with recourse. Red & White charges a fee of 2% as well as retains an amount equal to 6% for probable adjustments. The fair value of recourse obligation is $20,000. What journal entry should Wisconsin Corporation record when they factor the receivables?
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