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Should factoring receivables be restated as a discounted outstanding bill?

April 26, 2017discounted factoring receivables restated

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Should factoring receivables be restated as a discounted outstanding bill?

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Yes, definitely, as they work on the same logic an asset is removed from the balance sheet (permanently, although with discounting this may be temporary) in order to obtain financing, which is evidence of financial and commercial practice that deserves to be taken into consideration.