Business, 02.03.2020 20:13, he0gaubong

Oriole Company factors $6300000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 9% of the accounts receivable for possible adjustments. What would be recorded as a gain (loss) on the transfer of receivables?

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Oriole Company factors $6300000 of its accounts receivables without recourse for a finance charge of...