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Business, 08.10.2019 01:30 jisalinas5576

Sun inc assigns $3,000,000 of its accounts receivables as collateral for a $1 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? a. loss of $30,000.b. loss of $240,000.c. loss of $270,000.d. $0.

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Sun inc assigns $3,000,000 of its accounts receivables as collateral for a $1 million 8% loan with a...
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