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Which of the following is FALSE regarding the sale of an accounts receivable? It is also called factoring It can be done with our without
Which of the following is FALSE regarding the sale of an accounts receivable? It is also called "factoring" It can be done with our without recourse. The difference between the balance of the receivables sold and the amount actually collected is recorded as Interest Expense. Three conditions must be met before a company can consider the receivables sold. 
Which of the following is FALSE regarding the sale of an accounts receivable?
It is also called "factoring"
It can be done with our without recourse.
The difference between the balance of the receivables sold and the amount actually collected is recorded as Interest Expense.
Three conditions must be met before a company can consider the receivables sold.
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Taxation Of Individuals And Business Entities 2015
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
6th Edition
9780077862367
