menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamentals of Financial Accounting Study Set 5
  4. Exam
    Exam 8: Reporting and Interpreting Receivables, Bad Debt Expense, and Interest Revenue
  5. Question
    The Process of Using Accounts Receivable as Security for a Loan
Solved

The Process of Using Accounts Receivable as Security for a Loan

Question 115

Question 115

True/False

The process of using accounts receivable as security for a loan is called factoring.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Your company has net sales of $468,300

Q30: The direct write-off method:<br>A)results in better matching

Q35: What is the amount due on the

Q78: When the allowance method is used,the entry

Q110: The direct write-off method is a method

Q111: What is the amount of current assets

Q116: The direct write off method is better

Q118: Which of the following is true?<br>A) Accounts

Q119: In the interest formula, the interest rate

Q120: On December 1, 2010, a company accepted

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines