24) Hat Co. factored its receivables without recourse with Ross Bank. Hat received cash as a result of (10pts this transaction, which is best descried as a: A) B) D) loan from Ross collateralized by Hat's accounts receivable. loan from Ross to be repaid by the proceeds from Hat's accounts receivable. sale of Hat's accounts receivable to Ross, with the risk of uncollectible accounts retained by Hat. sale of Hat's accounts receivable, with the risk of uncollectible accounts transferred to Ross