The Purpose of Assigning Accounts Receivable Is To

question 82

Multiple Choice

The purpose of assigning accounts receivable is to:

• A) Satisfy a court order.
• B) Complete the legal prerequisites to record their sale.
• C) Comply with form and content rules of bankruptcy proceedings.
• D) Provide collateral for a loan.

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Definitions:

Enforce

To compel observance of or compliance with a law, rule, or obligation.

Privileges

Special rights or advantages granted to individuals or groups, often based on status, position, or need.

Corporal Punishment

The use of physical force causing pain, but not injury, with the intention to discipline or correct behavior.

Disciplinary Method

Strategies or techniques used to teach and enforce rules and behaviors, aiming to guide and correct an individual's actions towards socially acceptable standards.