When Accounts Receivable Are Factored with Recourse and Are Accounted

question 69

Multiple Choice

When accounts receivable are factored with recourse and are accounted for as a sale, what account does the transferor credit?

• A) Accounts receivable
• B) Sales
• C) Liability
• D) Accounts receivable assigned

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Definitions:

Crowding

A situation in which a space or area contains more individuals than is comfortable, leading to a perception of overpopulation or lack of personal space.

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, heart failure, and stroke.

Mental Health Problems

A range of mental health conditions that affect mood, thinking, and behavior, including depression, anxiety disorders, schizophrenia, eating disorders, and addictive behaviors.

Coping

Strategies that individuals use to manage the distressing problems and emotions in their lives.