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fatman fatman
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6 years ago
What is the difference between factoring accounts receivable and using accounts receivable as collateral for a short-term loan?
A) Factoring involves selling the accounts receivable instead of using them to obtain a loan.
B) Factoring is the collateral used when issuing commercial paper.
C) Factoring accounts receivable is accomplished through a finance company whereas using them as collateral is arranged with a bank.
D) There is no difference.
E) Factoring involves agreeing to repurchase accounts receivable at a future date instead of using them as collateral to obtain a loan.
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Business Essentials, Canadian Edition

Business Essentials, Canadian Edition


Edition: 8th
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ByprivateByprivate
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6 years ago
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fatman Author
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6 years ago
Correct Slight Smile TY
carston
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Yesterday
Good timing, thanks!
nsak
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2 hours ago
Helped a lot
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