Question: When a corporation borrows using its accounts receivable as collateral: Group of answer choices The cost to the firm is relatively low compared to other

When a corporation borrows using its accounts receivable as collateral:
Group of answer choices
The cost to the firm is relatively low compared to other sources of funds.
The lender typically assumes responsibility for bad debt collection.
This is known as a factoring agreement.
The bank advances some fraction of accepted receivables to the firm.

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