Factoring Accounts Receivable Has All of the Following Characteristics Except

question 118

Multiple Choice

Factoring 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 are removed from the balance sheet
• C) the customer payment is made to the factor
• D) the borrower sells the receivable

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Definitions:

Sternberg's Three Intelligences

A theory by psychologist Robert Sternberg that divides intelligence into three parts: analytical, creative, and practical intelligence.

Monozygotic Twin Pairs (MZ)

Identical twins that result from a single fertilized egg splitting, sharing the same genetic material.

Concordance

Concordance refers to the degree of similarity in the presence of a certain trait or condition, especially in twins, indicating the role of genetic factors.

Genetic Basis

the underlying genetic makeup that contributes to the physical and physiological traits or the likelihood of developing certain conditions.