A finance company that buys other companies' accounts receivable for less than they are worth and assumes the responsibility for collecting the debt is known as a:
A) lockbox.
B) factor.
C) collateral.
D) brokerage.
E) conciliator.
Correct Answer:
Verified
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A)long-term assets.
B)marketable securities.
C)common stock.
D)short-term
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