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with recourse $220K of receivables are sold with recourse. Fee is 3%. Retained portion is 8% with an estimated fair value of $15K. Estimated recourse

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$220K of receivables are sold with recourse. Fee is 3%. Retained portion is 8% with an estimated fair value of $15K. Estimated recourse liability is $7K. Loss to be recognized is: 13.6K 16.2K 24.6K 31,2K

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