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Question 6 Sheridan Company factors $5400000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal

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Question 6 Sheridan Company factors $5400000 of its accounts receivables without recourse for a finance charge of 4%. The finance company retains an amount equal to 9% of the accounts receivable for possible adjustments. What would be recorded as a gain (loss) on the transfer of receivables? O Loss of $925000. O Gain of $439000. O Loss of $223000. O Loss of $216000

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