Which Statement Is Not Correct

question 43

Multiple Choice

Which statement is not correct?

• A)Factoring with recourse creates a liability on the balance sheet.
• B)Factoring with recourse creates a receivable on the balance sheet.
• C)Factoring without recourse negatively impacts working capital.
• D)Factoring without recourse means that the seller takes the collection risk.

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Definitions:

Consequences

Outcomes or effects that result from an action or condition, impacting future events and decisions.

Thought

Refers to the mental process of reasoning, contemplating, or considering information, which results in forming ideas, opinions, or judgments.

Normalization

The process of making something conform to a standard or norm, often involves the adjustment of data or behavior to fit a perceived normal state.

Foucault

Michel Foucault was a French philosopher and social theorist known for his work on power relations, social institutions, and the history of sexuality.