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When a Business Factors Its Accounts Receivables,the Business ________

Question 59

Multiple Choice

When a business factors its accounts receivables,the business ________.


A) uses the receivables as security for a loan
B) no longer has to deal with the collection of the receivables from the customers
C) receives the the total amount of the receivables from the factor
D) receives cash,less an applicable fee,after the factor collects from the customers

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