Accounts Receivable May Be Used as a Source of Financing

question 106

Multiple Choice

Accounts receivable may be used as a source of financing by

• A) pledging the receivables as loan collateral.
• B) factoring the receivables to a finance company.
• C) selling securities backed by the receivables.
• D) all of these.

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Definitions:

Canada

A country located in the northern part of North America, known for its vast landscapes, multicultural heritage, and bilingual (English and French) population.

Cancer

A disease characterized by the uncontrolled division of abnormal cells in a part of the body.

Heart Disease

A broad term for a range of diseases affecting the heart and blood vessels, including coronary artery disease, arrhythmias, and heart valve problems.

Ethnicity

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