Accounting for the Pledging of Accounts Receivable as Collateral for a Loan

question 146

Multiple Choice

Accounting for the pledging of accounts receivable as collateral for a loan requires:

• A)Reporting the receivables net of the borrowed amount.
• B)Removal of the pledged receivables from current assets and including them with noncurrent investments.
• C)Disclosure of the arrangement in notes to the financial statements.
• D)None of the above.

Understand the role of skill variety, autonomy, and feedback in job satisfaction.

Learn about the different forms of work arrangements such as flextime, job sharing, and telecommuting.

Understand the importance of aligning job design with organizational goals.

Recognize how job enrichment incorporates behavioral needs into job roles.

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Definitions:

Act Consequentialism

An ethical theory that judges the moral worth of an action based solely on the outcomes or consequences of that action.

Case-by-case Basis

An approach to decision-making that involves evaluating each situation individually rather than applying a general rule.

Commit Perjury

The act of lying or making verifiably false statements under oath in a legal proceeding, which is a criminal offense.

Race Riot

A violent conflict initiated based on racial tensions, often involving confrontations between members of different ethnic or racial groups.