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    Survey of Accounting Study Set 7
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    Exam 6: Receivables and Inventories
  5. Question
    A Transaction in Which a Company Sells Its Receivables and Immediately
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A Transaction in Which a Company Sells Its Receivables and Immediately

Question 47

Question 47

Multiple Choice

A transaction in which a company sells its receivables and immediately receives cash for operating and other needs is called _____.


A) adjusting
B) assigning
C) factoring
D) discounting

Correct Answer:

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