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Current Attempt in Progress Swifty Corporation factors $5100000 of its accounts receivables without recourse for a finance charge of 5%. The finance company retains an

Current Attempt in Progress Swifty Corporation factors $5100000 of its accounts receivables without recourse for a finance charge of 5%. The finance company retains an amount equal to 9% of the accounts receivable for possible adjustments. What would be recorded as a gain (loss) on the transfer of receivables? Gain of $484000. Loss of $943000. Loss of $255000. Loss of $229000image text in transcribed

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