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Which of the following is true regarding pledged receivables? a. They are collateral for a loan. b. Uncollected accounts are usually the responsibility of the
Which of the following is true regarding pledged receivables?
a. | They are collateral for a loan. |
b. | Uncollected accounts are usually the responsibility of the lender. |
c. | The process involves factoring. |
d. | Both a & b |
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