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A company needs to obtain liquidity in a short time and decides to resort to factoring. Which of the following statements is true about that
A company needs to obtain liquidity in a short time and decides to resort to factoring. Which of the following statements is true about that strategy?
a. A bank loan is obtained with the requirements as a guarantee.
b. Accounts receivable are sold for cash.
c. Stock is sold to a distributor for money, but at a large discount.
d. The property is sold for cash and then leased again.
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