Question: If receivables are used as collateral in borrowing transactions: Select one: a. the receivables generally come under the control of the lender. b. the receivables

If receivables are used as collateral in borrowing transactions:

Select one: 

a. the receivables generally come under the control of the lender. 

b. the receivables will be reported as a liability. 

c. the transaction would be reported as a sale. 

d. a liability is reported on the borrower’s statement of financial position.

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