The Untrue Statement Concerning the Factoring of Accounts Receivable Is

The untrue statement concerning the factoring of accounts receivable is which of the following?

A) Businesses rarely factor their accounts receivable.
B) A disadvantage of factoring can be its high cost.
C) Credit cards are a form of factoring (i.e. the credit card firm specialises in the collection of accounts receivable) .
D) A typical journal entry to record the sale of accounts receivable is Dr bank; Dr factoring charge expense; Cr accounts receivable control.