Pledging accounts receivable has all of the following characteristics except:
A) money is advanced to the borrower as a loan against accounts receivable
B) accounts receivable balances remain on the balance sheet
C) the customer payment is made to the firm, which then submits the payment to the bank
D) requiring life insurance on the owner(s) of the firm
Correct Answer:
Verified
Q150: Factoring accounts receivable has all of the
Q151: The factoring of receivables:
A) typically has the
Q152: Which of the following is not a
Q153: An organization that engages in accounts-receivable financing
Q154: A business that needs short-term credit in
Q156: A firm that engages in accounts receivable
Q157: If life insurance is pledged as collateral
Q158: If a firm actually sells its accounts
Q159: Which of the following is not true
Q160: The factor, unlike the commercial finance company:
A)
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