Which Statement Is Correct

question 60

Multiple Choice

Which statement is correct?

• A)Factoring without recourse creates a receivable on the balance sheet.
• B)Factoring with recourse negatively impacts the current ratio.
• C)Factoring without recourse negatively impacts the working capital ratio.
• D)Factoring without recourse creates a liability on the balance sheet.

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Definitions:

Cluster C

A classification within personality disorders characterized by anxious and fearful behavior, including avoidant, dependent, and obsessive-compulsive personality disorders.

Unstable Across

The variability of a trait or behavior in different situations or over time, indicating a lack of consistency.

Social Relations

The connections and interactions between individuals or groups, affecting and shaping societal structures and individual behaviors.

Cultural Context

The environment or situation that is relevant to the beliefs, values, and practices of the culture in which a person operates.