When Accounts Receivable Are Assigned, the Risk of Ownership

question 24

Multiple Choice

When accounts receivable are assigned, the risk of ownership

• A)and title pass to the finance company
• B)and the title are retained by the borrowing company
• C)passes to the finance company, but the title is retained by the borrowing company
• D)is retained by the borrowing company, but the title is passed to the finance company

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Definitions:

Vertebrate Lineages

Evolutionary branches that include all species descending from a common ancestor having a backbone or spinal column.

Tectonic Plate

Massive, irregularly shaped slab of solid rock, generally composed of both continental and oceanic lithosphere, which moves atop the earth's mantle.

Hot Spots

Areas of the Earth's mantle that are exceptionally hot, which can lead to volcanic activity on the surface.

Shelled Arthropod

Arthropods that have an external skeleton or shell, such as crustaceans and certain insects, providing protection and support.