Question: If receivables are used as collateral in borrowing transactions Select one: a.a liability is reported on the borrower's statement of financial position. b.the transaction would

If receivables are used as collateral in borrowing transactions

Select one:

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

b.the transaction would be reported as a sale.

c.the receivables will be reported as a liability.

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

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