In financing accounts receivable, pledging uses receivables while factoring uses receivables Multiple Choice as collateral; to...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In financing accounts receivable, pledging uses receivables while factoring uses receivables Multiple Choice as collateral; to purchese es as collateral; to sell to sell, as collateral to sell: to purchose In financing accounts receivable, pledging uses receivables while factoring uses receivables Multiple Choice as collateral; to purchese es as collateral; to sell to sell, as collateral to sell: to purchose
Expert Answer:
Answer rating: 100% (QA)
The answer is the second option that is as collateral to sell Explanation Pledging ... View the full answer
Related Book For
Intermediate Accounting Reporting and Analysis
ISBN: 978-1285453828
2nd edition
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Posted Date:
Students also viewed these accounting questions
-
Multiple Choice Questions 1. Accounts receivable information for specific customers is important because it reveals: A) How much each customer has purchased on credit. B) How much each customer has...
-
Multiple Choice Questions 1.The balance in Ash wood Companys accounts payable account at December 31, 2016, was $1,200,000 before any necessary' year-end adjustment relating to the following: ¢...
-
Multiple Choice Questions 1. ABC Company uses the equity method to account for its 40% interest in the voting stock of XYZ Company. ABC paid $5,000,000 for the investment at the beginning of the...
-
1. CNA Industrial Group Corp. carries two products. Total sales are estimated to be 10,000 regular + 5,000 large units. Fixed costs are $20,000. Sales price of regular is $70 with variable expenses...
-
Two sun blockers are to be compared. One blocker is rubbed on one side of a subject's back and the other blocker is rubbed on the other side. Each subject then lies in the sun for two hours. After...
-
You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.25 per share and is trading at $20 per share; you expect to sell the stock in six months for...
-
Jim makes a deposit of $\$ 12,000$ in a bank account. The deposit is to earn interest annually at the rate of $9 \%$ percent for seven years. (a) How much will Jim have on deposit at the end of seven...
-
Dividends and Taxes Sharp Dress, Inc has declared a $5.00 per share dividend, suppose capital gains are not taxed, but dividends are taxed at 15 percent. New IRS regulations require that taxes be...
-
Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions. External Transaction Accounts...
-
Assume the same data as in P20-15 and that Provincial Airlines Corp. has an incremental borrowing rate of 8%. Instructions Answer the following questions, rounding all numbers to the nearest dollar....
-
Read killings by Andre Dubos and saboteur by Ha Jin compare and contrast matt fowler's reason, outcome, and justification for revenge with Mr. Chiu's.
-
The following data relates to two output levels of a department: Units 9,000 10,000 Total Costs $190,000 $195,000 Variable costs are $5 per unit. What would be the amount of total fixed costs?
-
A firm compares two alternative ways of acquiring customers. Advertising on Google Ads costs $500 per month and it generates 1000 extra visits to the firm's website, 100 of which result in a...
-
Consider the following information: Sales Revenue: $45,000 Rent Expense: $10,000 Wages Expense: $15,000 Utilities Expense: $2,000. What would be the net profit or loss?
-
The information that follows pertains to Richards Refrigeration, Incorporated: a. At December 31, 2024, temporary differences existed between the financial statement book values and the tax bases of...
-
Presented below is selected information related to Li Fashions at December 31, 2020. Li reports financial information monthly. Equipment Cash Service Revenue Rent Expense Accounts Payable HK$10,000...
-
ABC Corporation is considering the acquisition of JLK Corporation. ABC has 760,000,000 shares of stock, with earnings per share of $6.70 and a market price per share of $78. JLK has 350,000,000...
-
Why do CPA firms sometimes use a combination of positive and negative confirmations on the same audit?
-
On January 1, 2016, Ballieu Company leases specialty equipment with an economic life of 8 years to Anderson Company. The lease contains the following terms and provisions: The lease is noncancelable...
-
Lambert Corporation sells merchandise at a list price of $70,000 with accompanying terms of 2/10, n/30 on December 8, 2016. By December 18, 2016, Lambert had collected from customers for merchandise...
-
On July 1, 2016, Amplex Company purchased a coal mine for $2 million. The estimated capacity of the mine was 800,000 tons. During 2016, Amplex mines 10,000 tons of coal per month and sells 9,000 tons...
-
You are to open the books of F. Polk, a trader, via the journal to record the assets and liabilities, and are then to record the dialy transactions for the month of May. A trial balance is to be...
-
Show the journal entries necessary to record the following items: 2017 Apr 1 Bought office furniture on credit from Durham Brothers Ltd 1,400. 4 We take goods costing 270 out of the business...
-
You are to show the journal entries necessary to record the following items which occured in 2016: (a) May 1 Bought a motor bike on credit from Lakeside Garage for 5,500. (b) May 3 A debt of 347...
Study smarter with the SolutionInn App