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Business, 30.03.2020 21:27 daijafoster0

Lacuna Inc. factors $12,000,000 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. Lacuna estimates the fair value of the recourse liability at $600,000. What would be recorded as a loss on the transfer of receivables

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Lacuna Inc. factors $12,000,000 of its accounts receivables with recourse for a finance charge of 3%...
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