Answered: Which form of receivable financing is…

Which form of receivable financing is equivalent to an absolute sale of accounts receivable? a. Factoring b. Specific assignment of accounts receivable c. General assignment of accounts receivable

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 13GI

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Question

48.Which form of receivable financing is equivalent to an absolute sale of accounts receivable?

a. Factoring

b. Specific assignment of accounts receivable

c. General assignment of accounts receivable

d. Pledging of accounts receivable

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