Bonita Corporation factored, with recourse, $275000 of accounts receivable with Culver Financing. The finance charge is 3%, and 5% was retained to cover sales discounts, sales returns, and sales allowances. Bonita estimates the recourse obligation at $6600. 

What amount should Bonita report as a loss on the sale of receivables?

Answer rating: 100% (QA)

Loss Book Value Total Cash Received Total Cash Received Factored ... View the full answer