Question: When a company uses its receivables as collateral for a loan, the company Multiple choice question. removes the receivables from its books. recognizes a loss

When a company uses its receivables as collateral for a loan, the company Multiple choice question. removes the receivables from its books. recognizes a loss for the difference between between the book value of the receivables and the amount received from the bank. recognizes interest expense when the cash is received. recognizes a liability for the cash received from the bank.

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