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Oriole Inc. assigns ( $ 6300000 ) of its accounts receivables as collateral for a...

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Accounting

Oriole Inc. assigns ( $ 6300000 ) of its accounts receivables as collateral for a ( $ 3.1 ) million ( 7 % ) loan with a bank. Oriole also pays a finance fee of ( 1 % ) on the transaction upfront. What would be recorded as a loss on the transfer of receivables? Loss of ( $ 63000 ). ( $ 0 ). Loss of ( $ 504000 ). Loss of ( $ 441000 ).
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Oriole Inc. assigns $6300000 of its accounts receivables as collateral for a $3.1 million 7% loan with a bank. Oriole also pays a finance fec of 1% on the transaction upfront. What would be recorded as a loss on the transfer of receivables? Loss of $63000. so. Loss of $504000. Loss of $441000. Oriole Inc. assigns $6300000 of its accounts receivables as collateral for a $3.1 million 7% loan with a bank. Oriole also pays a finance fec of 1% on the transaction upfront. What would be recorded as a loss on the transfer of receivables? Loss of $63000. so. Loss of $504000. Loss of $441000

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