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Receivables might be sold (factored) to: Multiple Choice A. lengthen the time to collect from customers. B. reduce the receivables turnover ratio. C. generate cash

Receivables might be sold ("factored") to:

Multiple Choice

  • A. lengthen the time to collect from customers.

  • B. reduce the receivables turnover ratio.

  • C. generate cash immediately.

  • D. generate a gain on sale.

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