When a finance company purchases a firm's receivables at a discount and becomes responsible for processing and collecting the balances of these accounts, it acts as a
A)leasing agent.
B)lessor.
C)lessee.
D)factor.

Name: When a finance company purchases a firm's receivables at a discount and becomes responsible for processing and collecting the balances of these accounts, it acts as a A)leasing agent. B)lessor. C)lessee. D)factor.
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Question

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The Answer is D

When a Finance Company Purchases a Firm's Receivables at a Discount