When a Business Factors Its Accounts Receivables,the Business ________

question 59

Multiple Choice

When a business factors its accounts receivables,the business ________.

• A)uses the receivables as security for a loan
• B)no longer has to deal with the collection of the receivables from the customers
• C)receives the the total amount of the receivables from the factor
• D)receives cash,less an applicable fee,after the factor collects from the customers

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