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Question 2 (3 points) Sun Inc. factors $600,000 of its accounts receivables on a without recourse basis for a finance charge of 4%. The finance

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Question 2 (3 points) Sun Inc. factors $600,000 of its accounts receivables on a without recourse basis for a finance charge of 4%. The finance company retains an amount equal to 10% of the accounts receivable for possible adjustments. Which of the following is TRUE? The loss on sale of receivable is $24,000. The loss on sale of receivable is $ 36,000. The loss on sale of receivable is $60,000. The loss on sale of receivable is $84,000

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