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Which of the following statements is true regarding factoring accounts receivable? Factoring accounts receivable is a method of selling accounts receivable. Factoring accounts receivable is

Which of the following statements is true regarding factoring accounts receivable?

Factoring accounts receivable is a method of selling accounts receivable.

Factoring accounts receivable is only suitable for small businesses.

Factoring accounts receivable transfers the risk of collection to a third party.

Factoring accounts receivable results in an immediate loss for the company.

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