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Essay text:
To improve the favorability of the equity offer CCC has determined it needs an opinion on its financial statements from one of the Big Six CPA firms.
The first type of accounts receivable CCC purchases are delinquent accounts. CCC reviews a company's delinquent accounts receivables, removes problem and bankrupt accounts from the list and then assumes collection responsibility for the collection for a management fee of 30 percent. The second type of accounts receivables are current and delinquent accounts receivable. CCC reviews a company's accounts receivables then pays the company 95 percent of the value of the receivables selected...
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