Firms That Are Temporarily Short of Cash and Unable to Borrow

Multiple Choice

Firms that are temporarily short of cash and unable to borrow from usual sources can convert accounts receivable into cash by

A) assigning accounts receivable and forwarding amounts collected to the lending institution.
B) pledging its accounts receivable to the lending agency as collateral for a loan.
C) factoring the accounts receivable to a bank or financing company to obtain cash.
D) all of the above.
E) none of the above.