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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,
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? O $15100. O $3500. $-0- O $8100
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