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U Question 21 1 pts In which account are postage stamps classified? Receivables. O Office supplies. Inventory. O Cash Question 22 1 pts Sun Inc.
U Question 21 1 pts In which account are postage stamps classified? Receivables. O Office supplies. Inventory. O Cash Question 22 1 pts Sun Inc. assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables? Loss of $540,000. O $0. O Loss of $60,000. O Loss of $480,000
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