Which of the following best describes the focus of the following engagements?
auditing engagement attestation engagement assurance engagement consulting services engagement
choice a any information financial statements advice and decision support financial information
choice b financial information advice and decision support financial statements any information
choice c advice and decision support any information financial information financial statements
choice d financial statements financial information any information advice and decision support

multiple choice

a. choice a
b. choice b
c. choice c
d. choice d

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.