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At Lou's Landscaping Services, a number of customers were not paying up on time, and Lou needed cash for a large purchase. As a result,
At Lou's Landscaping Services, a number of customers were not paying up on time, and Lou needed cash for a large purchase. As a result, Lou sold the company's accounts receivable to a finance company for 70 percent of the total collection amount. This method of raising funds is referred to as ______. Group of answer choices factoring bartering floor planning crediting
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Fundamentals of Advanced Accounting
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
5th edition
978-0077924379, 77924371, 978-0078025396, 78025397, 978-0077425654, 77425650, 978-0077667061
