What is the difference between factoring accounts receivable and using accounts receivable as collateral for a short-term loan? 1) Factoring involves selling the accounts receivable instead of using them to obtain a loan. 2) Factoring involves agreeing to repurchase accounts receivable at a future date instead of using them as collateral to obtain a loan 3) There is no difference. O4) Factoring is the collateral for a short-term loan