Pledging Accounts Receivable Has All of the Following Characteristics Except

question 142

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)all of the above are characteristics of pledging