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:

Glomerular Filtration

The process by which the kidneys filter blood, removing excess wastes and fluids to produce urine.

Efferent Arterioles

Structures that deliver blood to peritubular capillaries that are wrapped around the renal tubules of the nephron in the kidneys.

Peritubular Capillaries

Small blood vessels that surround the tubules in the kidney, involved in the exchange of substances between blood and the filtrate in nephrons.

Distal Convoluted Tubules

Part of the nephron in the kidney where final adjustments in urine composition are made.