When a company factors its receivables, accounts receivable will be credited.
Correct Answer:
Verified
Q126: Ratios are used only by company management,and
Q149: If Abby,Inc.sells items to a customer who
Q163: Because it includes only cash and short-term
Q163: Days' sales in receivables tells a company
Q164: Terry's Berry Farm accepted a bank-issued credit
Q165: Crazy Foods, Inc., factors its receivables to
Q169: If Extol's Inc. sells items to a
Q170: The quick ratio helps to measure a
Q171: In 2012, Krane Company purchases $75,000 of
Q173: To shorten the collection period, a company
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents