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What factor is responsible for changing many peoples' retirement plans?
Installment Accounts Receivable
Receivables from sales where the customer makes regular payments over a period until the full purchase price is paid.
Dishonoring a Note
The failure to pay a promissory note when it comes due, resulting in a default.
Pledging Accounts Receivable
The practice of using accounts receivable as collateral for a loan.
Internal Control
Systems and processes put in place by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.
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