Factoring Account Receivables Involves the Business Selling Its Accounts Receivable

question 88

True/False

Factoring account receivables involves the business selling its accounts receivable to a finance company, and the finance company assumes the bad-debt risk associated with the receivables it buys.

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Definitions:

Peristaltic Waves

Sequential muscle contractions that occur in the gastrointestinal tract to move contents through the digestive system.

Older Adult

An individual in the later stage of life, often categorized as someone who is 65 years or older.

Abdominal Musculature

The muscles located in the abdomen, including the rectus abdominis, obliques, and transversus abdominis, crucial for posture and movement.

Abdominal Tone

The condition of the abdominal muscles regarding their tightness or firmness, often assessed during physical examination.