When the accounts receivable of a computer are sold outright to a company that normally buys accounts momaties of other companies without recourse the accounts receivable have been a Factored b. Assigned c.Pledged d. collateralized
When the accounts receivable of a computer are sold outright to a company that normally buys accounts momaties of other companies without recourse the accounts receivable have been a Factored b. Assigned c.Pledged d. 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 accounts receivable of a computer are sold outright to a company that normally buys accounts momaties of other companies without recourse the accounts receivable have been
a Factored
b. Assigned
c.Pledged
d. collateralized
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