The Untrue Statement Concerning the Factoring of Accounts Receivable Is

question 42

Multiple Choice

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.

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Definitions:

Nurture

Refers to the environmental influences and factors that affect an individual's physical and psychological development.

Conception

The moment at which a sperm fertilizes an egg, beginning the process of embryonic development.

Replication

The process of repeating a research study or experiment to verify its findings under the same or similar conditions.

Quantitative Research

Research that provides data expressed with numbers, such as ranks or scales.