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4. Companies have the ability to factor (sell) their receivables or pledge (use them as collateral on a loan) their receivables. Required: a. Discuss the

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4. Companies have the ability to factor (sell) their receivables or pledge (use them as collateral on a loan) their receivables. Required: a. Discuss the characteristics that must be in place for a disposition of receivables to be a sale rather than a pledge. b. If a company sells their receivables, they can do so with or without recourse. Describe the difference between these

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