Question: Which statements are true about the process known as factoring? ( More than one answer may be correct ) The firm that buys the accounts

Which statements are true about the process known as factoring? (More than one answer may be correct)
The firm that buys the accounts receivable collects the amount due.
Small businesses often use it for financing in the short term.
Factoring is a new business process started in the 1990s.
It is the accounts receivable of a firm sold for a discount.
Which statements are true about the process known as factoring? (More

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