Business, 08.12.2020 17:10, oliviablue7535

Swifty Corporation factors $6500000 of its accounts receivables without recourse for a finance charge of 6%. The finance company retains an amount equal to 11% of the accounts receivable for possible adjustments. What would be recorded as a gain (loss) on the transfer of receivables

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Swifty Corporation factors $6500000 of its accounts receivables without recourse for a finance charg...