PART ONE-FRAY QUEXTRINS POINTS Owenton Lillar Por Wat Cder the flewing two alternativ 1. Wael Co TK,000 of specifivables to the bank na without rec The hek will charge a 3% finance charge on the amount of receivables of the accounts receivable (for probable 2. Was On Transfer $550,000 of specific receivables to the bank on a with mouse The bank will charge a 2% Enance charge on the amount of receivables ed, and retains an amount equal to 5% of the accounts receivable (for probable ant) Wassel determines that this recourse obligation has a fair value of $6,000 (ED Transfer of Receivables without Recourse. Transfer of Receivables with Recourse 2