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Business, 01.12.2020 16:50 drunkelmo04

Bramble Corporation factored, with recourse, $175000 of accounts receivable with Martinez Financing. The finance charge is 4%, and 6% was retained to cover sales discounts, sales returns, and sales allowances. Bramble estimates the recourse obligation at $4700. What amount should Bramble report as a loss on sale of receivables? a) $7000.
b) $22200.
c) $-0-.
d) $11700.

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Bramble Corporation factored, with recourse, $175000 of accounts receivable with Martinez Financing....
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