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    Principles of Managerial Finance
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    Exam 16: Current Liabilities Management
  5. Question
    Factoring Accounts Receivable Is Not a Form of Secured Short-Term
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Factoring Accounts Receivable Is Not a Form of Secured Short-Term

Question 80

Question 80

True/False

Factoring accounts receivable is not a form of secured short-term borrowing. It entails the sale of accounts receivable at a discount to obtain the required short-term funds.

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