Pledging Accounts Receivable Has All of the Following Characteristics Except

question 42

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 are removed from the balance sheet
• C)the customer payment is made to the firm, which then submits the payment to the bank
• D)all of the above are characteristics of pledging

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Definitions:

Mood-Congruent Memory

The tendency to recall information or events that are consistent with one's current mood, influencing and reinforcing emotional states.

Serial Position Effect

A memory phenomenon where items at the beginning and end of a list are more likely to be recalled than those in the middle.

Primacy Effect

The tendency to remember items at the beginning of a list better than those in the middle or at the end.

Autobiographical Memory

A subset of episodic memory, consisting of a person's recollections of their past experiences and events that have personal significance.