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need answer ASAP Trell Corporation transferred $57,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 70%
need answer ASAP Trell Corporation transferred $57,000 of accounts receivable to a local bank. The transfer was made without recourse. The local bank remits 70% of the factored amount to Trell and retains the remaining 30%. When the bank collects the receivables, it will remit to Trell the retained amount less a fee equal to 2% of the total amount factored. Trell estimates a fair value of its 10% interest in the receivables of $11,500 (not including the 2% fee). Trell will show an amount receivable from factor of. Multiple Choice $15.960 $11,500. $17,100. $10,360
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