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14. BITCO obtained $70,000 cash from a bank by signing a document indicating that the bank had first rights to its accounts receivable up to
14. BITCO obtained $70,000 cash from a bank by signing a document indicating that the bank had first rights to its accounts receivable up to $100,000. Which of the following best describes this transaction? a. The accounts receivable were factored. b. The accounts receivable were discounted. C. The accounts receivable were sold. All of the above. The accounts receivable were pledged
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