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If receivables are used as collateral in borrowing transactions Select one: a.a liability is reported on the borrower's statement of financial position. b.the transaction would
If receivables are used as collateral in borrowing transactions
Select one:
a.a liability is reported on the borrower's statement of financial position.
b.the transaction would be reported as a sale.
c.the receivables will be reported as a liability.
d.the receivables generally come under the control of the lender.
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