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When a company factors accounts receivable without recourse: A. The seller is said to have pledged its receivables. B. The factor is unable to recover

When a company factors accounts receivable without recourse:

A.

The seller is said to have pledged its receivables.
B.

The factor is unable to recover any uncollected amounts from the seller.
C.

The factor collects amounts due and forwards them to the seller.
D.

Any risk of uncollectible accounts receivable resides with the seller

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