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  3. Study Set
    Intermediate Accounting Study Set 7
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    Exam 9: Short-Term Operating Assets: Cash and Receivables
  5. Question
    Factored Receivables Sold Without Recourse Are Classified as a Liability
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Factored Receivables Sold Without Recourse Are Classified as a Liability

Question 29

Question 29

True/False

Factored receivables sold without recourse are classified as a liability.

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