33. When a company factors its accounts receivable, it a. enters into a lending agreement with the institution to receive cash on specific customer accounts. b. sells individual accounts to a financial institution. c. uses these accounts only as a collateral for a loan. d. transfers the accounts but retains title of the accounts until the loan is paid.

33. When a company factors its accounts receivable, it a. enters into a lending agreement with the institution to receive cash on specific customer accounts. b. sells individual accounts to a financial institution. c. uses these accounts only as a collateral for a loan. d. transfers the accounts but retains title of the accounts until the loan is paid