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Companies have the ability to factor their receivables or pledge (use them as collateral) their receivables. 1. Discuss the characteristics that must be in place
Companies have the ability to factor their receivables or pledge (use them as collateral) their receivables. 1. Discuss the characteristics that must be in place for a disposition of receivables to be a sale rather than a pledge. 2. If a company sells their receivables, they can do so with or without recourse. Describe the difference between these
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