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Business, 08.10.2019 02:00 mmaglaya1

Sun inc. factors $3,000,000 of its accounts receivables with recourse for a finance charge of 3%. the finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. sun estimates the fair value of the recourse liability at $150,000. what would be recorded as a gain (loss) on the transfer of receivables? a. gain of $90,000.b. loss of 240,000.c. gain of $540,000.d. loss of $150,000.

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Sun inc. factors $3,000,000 of its accounts receivables with recourse for a finance charge of 3%. th...
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