. Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable? A. Secured short-term loan B. Unsecured short-term loan C. Secured long-term loan D. Unsecured long-term loan E. Trust receipt loan
. Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable? A. Secured short-term loan B. Unsecured short-term loan C. Secured long-term loan D. Unsecured long-term loan E. Trust receipt loan
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15Q: What business circumstance could produce a short-term notes payable created from a loan?
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. Accounts receivable financing is the term used to describe which of the following types of loans that involve either the assignment or the factoring of a firm's accounts receivable?
A. |
Secured short-term loan |
B. |
Unsecured short-term loan |
C. |
Secured long-term loan |
D. |
Unsecured long-term loan |
E. |
Trust receipt loan |
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