Aliability for dividends exists only when the board of directors declares them. e a. false b. true A company's acceptance of credit cards like Visa is an example of ea securitization b. factoring without recourse. c. factoring with recourse: d discounting. A 60-day note dated December 10 is due on February 10. true O b. false on on To determine the payables turnover, one first calculates the days payable. a true b. false of estion To determine the payables turnover, one first calculates the days' payable. O a true O b. false Which of the following methods of recording uncollectible accounts expense would be described best as an income statement method? O a. Percentage of net sales method b. Both direct charge-off method and accounts receivable aging method OC. Direct charge-off method O d. Accounts receivable aging method