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A school desegregation case is an example of a:
Factor
A financial intermediary that purchases receivables from businesses, providing them with immediate cash flow.
Sale of Receivables
The process of selling outstanding invoices to a third party in order to receive immediate payment.
Allowance for Doubtful Accounts
An accounting estimate for the portion of accounts receivable that may not be collectible.
Bad Debt Expense
An expense account reflecting estimated uncollectible accounts receivable due to credit sales that are unlikely to be recovered.
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