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Waterway Industries assigns $7500000 of its accounts receivables as collateral for a $1.99 million 7% loan with a bank. Waterway Industries also pays a finance

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Waterway Industries assigns $7500000 of its accounts receivables as collateral for a $1.99 million 7% loan with a bank. Waterway Industries also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables? O Loss of $525000. $0. O Loss of $75000. O Loss of $600000

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