Which of the Following Is True When Accounts Receivable Are

question 29

Multiple Choice

Which of the following is true when accounts receivable are factored without recourse?

• A) The transaction may be accounted for either as a secured borrowing or as a sale, depending upon the substance of the transaction.
• B) The receivables are used as collateral for a promissory note issued to the factor by the owner of the receivables.
• C) The factor assumes the risk of collectibility and absorbs any credit losses in collecting the receivables.
• D) The financing cost (interest expense) should be recognized ratably over the collection period of the receivables.

Recognize the importance of environmental factors and community infrastructure in disease prevention.

Understand the historical development of public health initiatives and their impact on community health.

Analyze the role of government and non-governmental organizations in the advancement of public health.

Identify key figures and their contributions to public health and nursing.

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Definitions:

Lay Testimony

An opinion or a description offered by a nonexpert who has firsthand experience.

Rhetorical Questions

Questions asked for effect or to make a point rather than to elicit a direct answer.

Extensive Statistics

A large amount of statistical data or information, often used for analysis or informed decision-making.

Audience-centered

A communication approach focused on understanding and addressing the needs, interests, and expectations of the audience.