At the present time, funds are limited for calvet program mortgage loans. a decision must be made to give one veteran a loan over another. veteran a has been in the military service for 20 years and is a four-time decorated hero. he wants to buy an oregon farm with the loan. veteran b has been in the military four years. he lost his right leg in a battle in afghanistan. he wants to buy a small home in las vegas for himself and his mother, who will live with him. which veteran will they choose and why?

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.