Which statement is correcta if a firms factors their, Ask an Expert

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Which statement is correct?

a. if a firms factors their accounts receivable with recourse, then they are still liable if their customer doesn’t pay

b. a firm has a floating lien, then they are prohibited from selling inventory

c. if a firm pledges their accounts REV, then they must remove the accounts from their balance sheet

d. a trust receipt is used for loans in which there is no collateral

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91420391

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