Factoring Accounts Receivable Has All of the Following Characteristics Except

question 16

Multiple Choice

Factoring accounts receivable has all of the following characteristics except:

• A)the borrower sells the receivable
• B)accounts receivable balances are removed from the balance sheet
• C)the customer payment is made to the factor
• D)all of the above are characteristics of pledging

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Definitions:

Across Cultures Competency

The ability to effectively interact, communicate, and work across cultural boundaries.

Lucky Color

A color that is believed to bring good fortune, varying according to culture, personal belief, or tradition.

Red Envelopes

In certain cultures, particularly Chinese, red envelopes are a traditional gift containing money, given during holidays or special occasions as a symbol of good luck and prosperity.

Teams Competency

The collective skills, knowledge, and abilities that members of a team possess, enabling them to achieve their goals and perform effectively.