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Business, 13.08.2020 21:01 cody1097

XYZ assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables

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XYZ assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a ban...
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