menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 8: Receivables
  5. Question
    Because Pledged Receivables Only Serve as Collateral for a Loan
Solved

Because Pledged Receivables Only Serve as Collateral for a Loan

Question 77

Question 77

True/False

Because pledged receivables only serve as collateral for a loan and are not sold, it is not necessary to disclose the pledging.

Correct Answer:

verifed

Verified

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

Related Questions

Q72: Accounts receivable arise from credit sales to

Q73: Prepare Jenna Corp.'s journal entries to

Q74: Outdoors Unlimited had net sales for YR

Q75: If a customer owes interest on a

Q78: TechCom factored $35,000 of its accounts receivable

Q79: Explain the difference between honouring and dishonouring

Q80: Cortez Co. had accounts receivable totalling $450,000

Q81: The advantage of the allowance method of

Q82: The allowance method complies with the generally

Q219: The days' sales uncollected ratio measures a

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