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Question 8 (1 point) ABC Corp sells $518,650 of receivables with a fair value of $535,920 to XYZ Inc in a securitization (i.e. factoring) transaction

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Question 8 (1 point) ABC Corp sells $518,650 of receivables with a fair value of $535,920 to XYZ Inc in a securitization (i.e. factoring) transaction that meets the criteria for a sale. ABC Corp receives full fair value of the receivables but agrees to continue to service them on a recourse basis, estimating that the fair value of this service liability component to be $22.490. What is ABC's net loss on the sale of receivables? 4,829 4.959 5,090 5.220 5.351 Previous Page Next Page Page 8 of 30

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