Pledging Accounts Receivable Has All of the Following Characteristics Except

question 134

Multiple Choice

Pledging accounts receivable has all of the following characteristics except:

• A) money is advanced to the borrower as a loan against accounts receivable
• B) accounts receivable balances remain on the balance sheet
• C) the customer payment is made to the firm, which then submits the payment to the bank
• D) requiring life insurance on the owner(s) of the firm

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Definitions:

Feedback

The process of returning information about the outcome of a process or activity; an essential component of effective communication and improvement processes.

Ostracism

The social exclusion or rejection of an individual or group by a social network or community.

Homosexual Life

The experiences, challenges, and cultural practices of individuals who identify as homosexual, focusing on social, emotional, and relational aspects.

Cathartic Reactions

Emotional releases experienced by individuals, often in the context of therapy, where expressing deep or suppressed emotions leads to a sense of relief or understanding.