Which Statement Is Not Correct

question 95

Multiple Choice

Which statement is not correct?

• A)Factoring with recourse creates a liability on the balance sheet.
• B)Factoring with recourse reduces a current ratio that is >1.
• C)Factoring with recourse negatively impacts working capital.
• D)Factoring without recourse reduces a current ratio that is >1.

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Definitions:

Norms

Accepted standards or expectations of behavior within a group or society.

Low Familiarity

having limited knowledge or experience with something.

Other Culture

The customs, beliefs, arts, and institutions of a society that is different from one's own.

Negotiators

are individuals or representatives involved in discussions aimed at reaching agreements or solving disputes through dialogue.