Question: Which statements are true about the process known as factoring? (More than one answer may be correct) Multiple select question. It is the accounts receivable

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

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