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What amount should Swifty report as a loss on sale

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Question - Swifty Corporation factored, with recourse, $210000 of accounts receivable with Blue Financing. The finance charge is 3%, and 5% was retained to cover sales discounts, sales returns, and sales allowances. Swifty estimates the recourse obligation at $4600. What amount should Swifty report as a loss on sale of receivables?

Reference no: EM133008817

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