When Pledging Accounts Receivable

question 30

Multiple Choice

When pledging accounts receivable

• A)title to the receivables reverts to the lender
• B)the pledges are usually done with recourse
• C)the pledge arrangements become the new valuation methodology entered in the accounting records
• D)collection responsibility reverts to the lender

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Definitions:

Thorax

The part of the body located between the neck and the abdomen, enclosing the chest and containing the heart and lungs; it is protected by the rib cage.

Velocity

A vector quantity that denotes the rate of change of position of an object, with both magnitude and direction.

Blood Flow

Blood flow is the circulation of blood through the cardiovascular system, delivering oxygen and nutrients to tissues and removing carbon dioxide and wastes.

Blood Vessel

A blood vessel is a tubular structure carrying blood through the tissues and organs; a component of the circulatory system.