Alyx needs additional short-term financing to modify her children's clothing business. To generate funds, she sells her

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Alyx needs additional short-term financing to modify her children's clothing business. To generate funds, she sells her accounts receivable to an external party for slightly less than their book value. What type of financing resource is Alyx using?

· Trade credit

· Commercial lending

· Peer-to-peer lending

· Factoring

Related Book For answer-question

Financial Accounting and Reporting a Global Perspective

ISBN: 978-1408076866

4th edition

Authors: Michel Lebas, Herve Stolowy, Yuan Ding

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Posted Date: Feb 10, 2024 03:26 AM

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Alyx needs additional short-term financing to modify her children's clothing business. To generate funds, she sells her

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The detailed answer for the above question is provided below Alyx is using Factoring as a financing ... View the full answer

Financial Accounting and Reporting a Global Perspective

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