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Factoring accounts receivables escrow

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 Joy
(@joy)
Joined: 3 years ago
Posts: 1
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I have a client who factored his accounts receivables.  Anyway, it was a bad deal and he ended up with a promissory note.  He was able to pay the promissory note off with a settlement. But this left a balance in the Factoring Escrow account. Does this balance become income?


   
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