Samson wholesale beverage company regularly factors its accounts receivable with the milpitas finance company. on april 30, 2018, the company transferred $800,000 of accounts receivable to milpitas. the transfer was made without recourse. milpitas remits 90% of the factored amount and retains 10%. when milpitas collects the receivables, it remits to samson the retained amount less a 4% fee (4% of the total factored amount). samson estimates the fair value of the last 10% of its receivables to be $60,000.