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Business, 26.05.2021 18:20 brianamelara

Bramble Corp. factors $7200000 of its accounts receivables with recourse for a finance charge of 5%. The finance company retains an amount equal to 9% of the accounts receivable for possible adjustments. Bramble estimates the fair value of the recourse liability at $249000. What would be recorded as a gain (loss) on the transfer of receivables

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Bramble Corp. factors $7200000 of its accounts receivables with recourse for a finance charge of 5%....
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