Gant Company Factored Its Receivables with Recourse to Rowlin Bank

question 14

Multiple Choice

Gant Company factored its receivables with recourse to Rowlin Bank.Gant received cash as a result of this transaction.This transaction is best described as a ________.

• A)loan from Rowlin collateralized by Gant's accounts receivable
• B)loan from Rowlin to be repaid by the proceeds from Gant's accounts receivable
• C)sale of Gant's receivables to Rowlin with the risk of uncollectible accounts retained by Gant
• D)sale of Gant's receivables to Rowlin with the risk of uncollectible accounts transferred to Rowlin

---

Definitions:

Id, Ego, Superego

Components of Sigmund Freud's psychoanalytic theory of personality, representing the instinctual drives, the realistic part, and the moral conscience, respectively.

Reinforcement

A process in behavior analysis that increases the likelihood of a behavior by adding or removing a stimulus after the behavior.

Positive Reinforcer

A reinforcer that, when applied, increases the frequency of a response.

Scaffold

A temporary structure used to support people and materials during the construction or repair of buildings and other large structures.