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H3Ko H3Ko
wrote...
Posts: 4891
8 years ago
When a business pledges its accounts receivable, it transfers the right to collect cash from customers to the bank.
A) True
B) False
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Answer verified by a subject expert
Mrgo-breedMrgo-breed
wrote...
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Posts: 2227
8 years ago
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H3Ko Author
wrote...
8 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
wrote...
8 years ago
Happy to help Smiling Face with Open Mouth
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