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Business, 15.04.2020 03:58 mccdav5100

Crane Corporation factored, with recourse, $175000 of accounts receivable with Ayayai Financing. The finance charge is 2%, and 4% was retained to cover sales discounts, sales returns, and sales allowances. Crane estimates the recourse obligation at $4600. What amount should Crane report as a loss on sale of receivables

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Crane Corporation factored, with recourse, $175000 of accounts receivable with Ayayai Financing. The...

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