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Category > Business & Finance Posted 20 Jun 2017 My Price 7.00

Which of the following statements about factoring is true?

Which of the following statements about factoring is true?

a. Factoring involves the outright sale of a firm’s accounts receivable to the factor.

b. The firm, not the factor, bears the risk of collecting bad receivables in a factoring arrangement.

c. The borrowing firm is able to obtain a greater advance against inventory in a factoring arrangement than in a typical line of credit secured by accounts receivable.

d. Factoring firms sell the receivables of other firms

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Status NEW Posted 20 Jun 2017 06:06 AM My Price 7.00

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