Question
Factoring receivables is beneficial to a seller for all of the following reasonsexcept: A. Allows firms to receive cash earlier. B. Passes ownership of the
Factoring receivables is beneficial to a seller for all of the following reasonsexcept:
A. Allows firms to receive cash earlier.
B. Passes ownership of the receivables to the factor.
C. There are no fees for factoring.
D. Seller avoids the cost of billing and accounting for receivables.
E. May transfer the risk of bad debts to the factor.
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Financial Accounting An International Introduction
Authors: David Alexander, Christopher Nobes
3rd Edition
273709268, 273709267, 978-0273709268
