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Marigold Corp. factors $5200000 of its accounts receivables without recourse for a finance charge of 6%. The finance company retains an amount equal to 11%

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Marigold Corp. factors $5200000 of its accounts receivables without recourse for a finance charge of 6%. The finance company retains an amount equal to 11% of the accounts receivable for possible adjustments. What would be recorded as a gain (loss) on the transfer of receivables? Loss of $312000 O Loss of $1086000. O Loss of $202000 Gain of $514000

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