Factoring Accounts Receivable Has All of the Following Characteristics Except

question 78

Multiple Choice

Factoring 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 factor
• D)all of the above are characteristics of pledging

---

Definitions:

Cultural Abstraction

The process of generalizing about cultures in ways that may overlook the complexities and variances within them.

Individualistic

Describes a social theory or attitude that emphasizes the moral worth of the individual over the collective.

Hip-hop

A cultural movement that includes rap music, dance, art, and fashion, originating in the 1970s in the Bronx, New York City.

Dissent

Voicing or maintaining beliefs that differ from the ones previously, widely, or officially accepted.