When the accounts receivable of a company are sold outright to acompany that normally buys accounts receivable of other companieswithout recourse, the accounts receivable have been: a. factoredb. assignedc. pledgedd. collateralized
When the accounts receivable of a company are sold outright to acompany that normally buys accounts receivable of other companieswithout recourse, the accounts receivable have been: a. factoredb. assignedc. pledgedd. collateralized
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 13GI
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When the
company that normally buys accounts receivable of other companies
without recourse, the accounts receivable have been:
a. factored
b. assigned
c. pledged
d. collateralized
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