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ACT5741 please help with explanation Factoring accounts receivable with recourse indicates that the receivables were given as collateral for a loan no cash discounts are
ACT5741 please help with explanation
Factoring accounts receivable with recourse indicates that
| the receivables were given as collateral for a loan | ||
| no cash discounts are available. | ||
| the buyer assumes the risk of bad debts. | ||
| payments for bad debts are guaranteed by the seller |
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