Multiple Choice
Pledging accounts receivable has all of the following characteristics except:
A) money is advanced to the borrower as a loan against accounts receivable
B) accounts receivable balances are removed from the balance sheet
C) the customer payment is made to the firm, which then submits the payment to the bank
D) all of the above are characteristics of pledging
Correct Answer:
Verified
Correct Answer:
Verified
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