Intermediate Accounting IC Intermediate Accounting by C Accounting question Cheg SPUS04 - An200408125 X treshinc has the followingt + 0 file:///C:/Users/Chris/AppData/local/Packages/Microsoft Microsoft Edge Bwekyb3dbbwe/TempState/Downloads/SBUS04%20%20An 20040812520%20(1).pdf Carnes Spotify Robinhood Email b. Gain of $175,000. C. Loss of $375,000. d. Loss of $75,000. Sun Inc. factors $2,000,000 of its accounts receivables with recourse for a finance charge of 3%. The finance company retains an amount equal to 10% of the accounts receivable alue of the recourse liability at $100.000 What would be recorded as a gain (loss) on the transfer of receivables? a. Gain of $60,000. b. Loss of 160,000. c. Gain of $360,000. d. Loss of $100,000. Sun Inc assigns $2,000,000 of its accounts receivables as collateral for a $1 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables? a. Loss of $20.000 AD Type here to search ING 10:07 AM HA 4/11/2020 15