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Coronado Industries factors $5600000 of its accounts receivables with recourse for a finance charge of 5%. The finance company retains an amount equal to 11% of the accounts receivable for possible adjustments. Coronado estimates the fair value of the recourse liability at $200000. What would be recorded as a gain (loss) on the transfer of receivables
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Coronado Industries factors $5600000 of its accounts receivables with recourse for a finance charge...
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