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On March 1, 2022, Lindor Corp. (a private company) factored receivables with a carrying amount of $250,000 to Relief Inc. Relief lnc. assessed a finance

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On March 1, 2022, Lindor Corp. (a private company) factored receivables with a carrying amount of $250,000 to Relief Inc. Relief lnc. assessed a finance charge of 3% of the receivables and retained 2% of the receivables. Relative to this transaction, determine the amount of loss on disposal to be reported in the income statement of Lindor Corp. for March. Assume that Lindor factors the receivables on a with recourse basis. The recourse obligation has a fair value of $3,000. The loss to be reported is $19,000. $9,000. $10,500. $3,000. none of the above

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