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Factoring occurs when a business sells some of its Accounts Payable to another insitution so it can convert the liability into cash. True False
"Factoring" occurs when a business sells some of its Accounts Payable to another insitution so it can convert the liability into cash.
True
False
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Comparative International Accounting
Authors: Christopher Nobes, Robert B Parker
12th Edition
0273763792, 978-0273763796
