Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

Exercise 65

All else equal, if VFC incurs a 3 percent fee to factor $10,000 of its Accounts Receivable, its Net Income will
A) Increase by $10,000.
B) Increase by $9,700.
C) Increase by $300.
D) Decrease by $300.